HomeBusinessFind out more as Lagos leads as FG, States, LGS share N10.45tn...

Find out more as Lagos leads as FG, States, LGS share N10.45tn from FAAC in 5 months

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Nigeria’s three tiers of government shared a total of N10.45 trillion from the Federation Account Allocation CommitteeThe amount was shared between January and May 2026 as a statutory allocation reflecting a rise in revenueThe federal government received N3.72 trillion, the states got N3.56 trillion, and the local government received N2.51 trillion

Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

The Federation Account Allocation Committee (FAAC) disbursed a total of N10.45 trillion among the three tiers of government for the first five months of 2026.

The allocation was shared from a gross revenue of N13.76 trillion realised within the period, reflecting a 4.32 per cent increase from N13.19 trillion recorded in the corresponding period of 2025.

FAAC shares N10.45tn among FG, states and LGAs in five monthsFG, states, LGs share N13.76tn revenue pool from January to May Photo: Bloomberg
Source: Getty Images

According to FAAC data released by the National

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