Nigerian Government, States, and Local Councils Share N2.09 Trillion in FAAC Allocation for October 2025
The Nigerian government, states, and local councils divided N2.09 trillion in FAAC allocation for October 2025, comprising statutory revenue, VAT, and other funds. The allocation aimed to strengthen fiscal capacity for recurrent spending and capital projects.
Notably, oil-producing states received support for infrastructure development, while concerns arose over a drop in VAT collections affecting state revenues. Despite high federal revenue mobilization, low VAT inflows hinted at economic challenges.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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