World Bank Coordinator Warns States Against Debt Waste

Federation Revenue Shrinks as First-Line Deductions Hit 41% – World Bank

Nigeria’s gross revenue reached a cumulative N84tn over the last three years, yet 41.1% of these earnings never reached the federation’s distribution pool. Findings from the World Bank’s latest Nigeria Development Update reveal that “pre-distribution deductions” are quietly hollowing out the treasury. While total earnings climbed to N37.44tn in 2025, the amount siphoned off for…

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FAAC Distributes N1.894trn Despite Revenue Dip

FAAC Distributes N1.894trn Despite Revenue Dip

The Federation Account Allocation Committee (FAAC) has disbursed N1.894 trillion to Nigeria’s three tiers of government for February 2026. The distribution, approved during a meeting in Abuja on Friday, saw the Federal Government take N675.088 billion, while the 36 states shared N651.525 billion. The 774 local government councils received N456.467 billion. Although the total shared…

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Revenue Allocation: Federal, State, and Local Governments Share ₦1.97trn

Revenue Allocation: Federal, State, and Local Governments Share N1.97trn

The Federation Account Allocation Committee (FAAC) has shared a total of ₦1.97 trillion for December 2025. This disbursement represents the collective revenue generated by the federation during the final month of last year. The committee distributed these funds among the Federal Government, the 36 states, and 774 local governments. This record-breaking figure reflects a significant…

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