
FAAC shares N1.1trn with federal, state, and municipal governments.
In December 2023, the Federation Account Allocation Committee allocated N1.1 trillion to federal, state, and municipal governments. The number reflects an increase of N39 billion over the N1.08 trillion given in November 2023. This was stated in a statement published by the FAAC during its January meeting, which was headed by the Federation’s Accountant General,…