The Federation Account Allocation Committee (FAAC) has distributed a total of ₦2.300 trillion to the Federal Government, states and local government councils as revenue allocation for May 2026. According to a statement issued by the Director of Press and Public Relations, Bawa Mokwa, following the June 2026 FAAC meeting in Abuja, the distributable revenue comprised ₦1.611 trillion in statutory revenue and ₦688.785 billion from Value Added Tax (VAT). The communiqué from the meeting indicated that gross revenue of ₦3.395 trillion was available during the month under review. From this amount,…
FAAC Disburses ₦2.3 Trillion to FG, States and LGAs as May Revenue Rises
