June 17, 2026
The Federation Account Allocation Committee (FAAC) has shared a total sum of N2.3 trillion to the Federal, States and the Local Government Councils for the month of May, 2026.
Mr Bawa Mokwa, Director Press and Public Relations in the Office of the Auditor-General of the Federation (OAGF), revealed this in a statement issued on Wednesday in Abuja.
In the statement, Mokwa said the revenue was shared at the June 2026 Federation Account Allocation Committee (FAAC) meeting held in Abuja.
He explained that the N2.3 trillion total distributable revenue comprised distributable statutory revenue of N1.611 trillion , distributable Value Added Tax (VAT) revenue of N688.785 billion.
