FAAC Allocates N2.036 Trillion to Governments in March 2026
In March 2026, the Federal Account Allocation Committee (FAAC) allocated a total of N2.036 trillion among the federal government, states, and local government councils. This distribution was confirmed during the FAAC meeting held in Abuja, with the allocations reflecting monthly earnings from statutory sources, including Value Added Tax (VAT) and oil production.
The data indicated a mixed performance across revenue streams, with improvements noted in some areas while others, particularly oil-related earnings, showed a decline. The breakdown of the N2.036 trillion revealed that states received the largest share among the three tiers of government.
The report highlighted a shift in Nigeria's fiscal inflow, emphasizing the need for diversification in revenue sources as the country navigates its economic landscape.
Plus234Feed summary based on reporting from Nairametrics. Read the original report below.
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