In April 2026, Nigeria's Federation Accounts Allocation Committee (FAAC) announced an increase in its allocation to N2.26 trillion, attributed to a rise in tax collections across the country. This significant boost in revenue is expected to enhance the financial resources available to federal and state governments, facilitating improved public services and infrastructure development. The allocation reflects ongoing efforts to strengthen the nation's tax system and increase fiscal capacity.
Related Articles
Don't miss out on breaking stories and in-depth articles.