BREAKING: FAAC: FG, states, LGs share N2.338tn revenue in August

The Federation Account Allocation Committee, FAAC, has disbursed N2.338 trillion August 2026 gross to the Federal Government, states and section councils.

This was disclosed successful a connection on Thursday by the Director of Press and Public Relations astatine the Office of the Accountant-General of the Federation, Bawa Mokwa.

A full sum of N2.338 trillion, being the August 2026 Federation Account revenue, was shared among the Federal Government, states and LGs.

The gross was shared astatine the September 2026 FAAC gathering held successful Abuja.

The N2.338 trillion full distributable gross comprised N1.565 trillion successful distributable statutory gross and N773.233 cardinal successful distributable Value Added Tax, VAT, revenue.

The connection indicated that a full gross gross of N3.685 trillion was disposable successful August 2026. Total deductions for the outgo of postulation amounted to N125.142 billion, portion full transfers, refunds and savings stood astatine N1.221 trillion.

According to the statement, gross statutory gross of N2.850 trillion was received successful August 2026. This was little than the N4.359 t...