The Federation Account Allocation Committee (FAAC) has distributed a total of N2.3 trillion among the Federal Government, State Governments, and Local Government Councils for the month of May 2026. This allocation is part of the monthly revenue sharing formula, which is designed to ensure that all tiers of government receive their fair share of the nation's earnings. The distribution reflects the collaborative efforts of various levels of government in managing the country's financial resources. Further details regarding the specific amounts allocated to each tier will be made available in subsequent reports.
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