Local Councils Receive N4.3tn FAAC Disbursements
Nigeria’s 774 local governments collected a net N4.3 trillion from the Federation Account between January and August 2026. Data compiled by research firm Nairalytics on Friday shows annualised council allocations set to reach N6.5 trillion by year-end, marking a 22.7 per cent surge over the N5.3 trillion recorded in 2025. The sharp fiscal expansion reflects…