FAAC shares N2.428tn allocation; sources differ on reporting month
The Federation Account Allocation Committee shared N2.428 trillion among federal, state and local governments. Punch reports the figure as October revenue, while Nairametrics and Vanguard report it as September 2026 revenue.
What happened
FAAC shared N2.428 trillion among the Federal Government, 36 state governments and 774 local government councils.123
Vanguard reported the allocation included revenue accrued to the Federation Account and proceeds from Value Added Tax (VAT) for September 2026, and Nairametrics also described it as September 2026 revenue.23
Punch reported the allocation rose by N90bn, driven by a rebound in oil revenue and taxes, describing it as October's figure.1
The allocation covers revenue accrued to the Federation Account, including VAT proceeds, according to Vanguard.3
Key points
Where accounts differ
Each account is attributed to who makes it. We do not judge between them.
What the coverage leaves out
- None of the outlets reviewed reported a breakdown of how much each tier of government (federal, state, local) received individually.
- None of the outlets reviewed reported comparative figures from prior months to contextualize the scale of the increase or decrease.
- None of the outlets reviewed clarified the discrepancy over whether the allocation pertains to September or October revenue.
Why it matters
The allocation reflects revenue shared among Nigeria's three tiers of government from the Federation Account, including VAT proceeds, according to Vanguard.3
Sources (3)
Every outlet we drew on, grouped by where it is based. Read the originals for the full reporting.
Africa
- 1PunchNGPrivate
- 2NairametricsNGPrivate
FAAC shares N2.43 trillion among FG, states, LGs for September
- 3VanguardNGPrivate