FAAC allocation rises to N2.3tn on stronger revenues

FAAC REVENUE UP! Nigeria’s Federation Account Allocation Committee shared N2.30 trillion for May 2026, a N43 billion jump from April’s N2.26 trillion. This 1.9% month-on-month increase signals a consistent rise in federal revenues across government tiers. Stronger tax inflows helped offset a dip in VAT, propelling statutory revenue to a new peak.