FAAC Allocation Drops 22% to N2.338tn in August 2026
Federal, state and local governments received N2.338tn from August Federation Account revenue, about N669bn below the previous month’s distribution....
VAT
💼 SANWO-OLU: “NO GOVERNOR CAN COMPLAIN OF LACK OF FUNDS UNDER TINUBU”
Lagos Governor Babajide Sanwo-Olu says Nigeria’s states have “no excuse” for poor performance under President Tinubu’s fiscal reforms, noting that federal allocations have risen sharply due to improved VAT distribution and oil receipts. Data from the FAAC Secretariat show state revenues jumped over 62 percent in 2025 compared to last year’s figures....