Federal, States and LGAs Share N2.3 Trillion in May as VAT Revenue Drops by N62.9 Billion – FAAC
The Federation Account Allocation Committee (FAAC) has distributed a total of ₦2.300 trillion to the Federal Government, state governments, and the 774 local government councils as revenue allocation for May 2026, despite a notable decline in Value Added Tax (VAT) collections during the period. The allocation was approved at the June 2026 FAAC meeting held…