The Federation Account Allocation Committee (FAAC) allocates Federation Account revenue for June 2026 to Nigeria’s three tiers of government: the federal government, 36 states and 774 local government councils. Bawa Mokwa, the Director of the Office of the Accountant General of the Federation, reports that the total amount shared is ₦2.551 trillion (about ₦2.55 trillion). The allocations are made from Federation Account revenue collected during the month and distributed according to the FAAC sharing arrangement. The reports indicate that the funds are distributed among the Federal Government, state governments and local government councils as part of the regular monthly revenue sharing process.
FAAC shares ₦2.551tn among FG, 36 states and 774 LG councils for June 2026
The Federation Account Allocation Committee (FAAC) allocates Federation Account revenue for June 2026 to Nigeria’s three tiers of government: the federal government, 36 states and 774 local government...
- FAAC shares Federation Account revenue for June 2026.
- Total amount allocated is ₦2.551 trillion.
- The distribution covers the Federal Government, 36 states and 774 local government councils.
- The figures are reported by Bawa Mokwa, Director of the Office of the Accountant General of the Federation.
- The sharing occurs as part of FAAC’s regular monthly Federation Account distribution.
The Federation Account Allocation Committee (FAAC) has shared a total of ₦2.551 trillion among the Federal Government, the 36 States and the 774 Local Government Councils as Federation Account revenue for June 2026. The post FAAC: FG States, LGs share N2.6 trn appeared first on Vanguard News.
4 hours agoNigeria’s three tiers of government, comprising the federal government, states and local government councils, shared a significant total sum of N2.550 trillion in June 2026 Federation Account revenue. The director of the Office of the Accountant General of the Federation, Bawa Mokwa, disclosed this in a statement on Wednesday. The revenue was shared at the […] FAAC: FG, States, LGCs share massive N2.550tn as June revenue
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