FG, States, Local Government Councils Share N1.7trn as Revenue Increases in May

FG, states, local government councils share N1.7trn as revenue increases in May

The Federation Account Revenue shared a total sum of N1.659 trillion with the Federal Government, state governments, and local government councils as May

FAAC Shares N1.7 trillion to FG, States, and LGs

FAAC Disburses N1.659 Trillion For May, Slightly Down From April Allocation » News.ng

The Federation Account Allocation Committee (FAAC) allocated N1.659 trillion in federal revenue for May 2025, representing a month-over-month reduction compared to April’s N1.681 trillion distribution.  The decrease amounts to N22 billion, reflecting a 1.31% decline. Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant General of the Federation, announced the allocation details in a Wednesday press release. The reve…

2025: FG, States, LGs share N1.659trn in May

The Federation Account Allocation Committee (FAAC) on Wednesday distributed the sum of N1.659 trillion the Federal, States and Local Government Councils as May allocation. The amount shared at the endSource

May FAAC Allocation Drops to N1.65 Trillion Despite N100bn VAT Surge

The Federation Account Allocation Committee (FAAC) distributed N1.65 trillion among Nigeria’s three tiers of government in May 2025, marking a N30 billion decline from the N1.68 trillion shared in April, despite a sharp increase in Value Added Tax (VAT) collections during the month. According to a communiqué issued by the Ministry of Finance after the […] The post May FAAC Allocation Drops to N1.65 Trillion Despite N100bn VAT Surge appeared firs…

FG, States, LGs Share ₦1.659trn May Revenue — FAAC - Lagos Television

The Federation Account Allocation Committee (FAAC) has disbursed a total sum of ₦1.659 trillion as revenue generated in May 2025 to the Federal Government, state, and local government councils. The disbursement followed the June 2025 meeting of the Federation Account Allocation Committee (FAAC), held in Abuja. According to a communiqué released after the meeting, the total distributable revenue for the…