FAAC shares N3.007trn July revenue to FG, states, LGs

The Federal Account Allocation Committee (FAAC) has shared a total of N3.007 trillion to the Federal Government, states, and Local Government Councils as revenue for July 2026.
The figure represents an increase in revenue shared by the three tiers of government, with the Federal Government receiving N1.146 trillion, states N943.352 billion, and Local Government Councils N673.649 billion.
The figures were contained in a communiqué issued Tuesday and signed by Bawa Mokwa, the Director of Press and Public Relations in the Office of the Accountant-General of the Federation.
According to the communiqué, N243.478 billion, representing 13 per cent of mineral revenue, was shared with benefi...