BREAKING: FAAC shares N2.428tn to FG, states, LGs for September 2026

A full of N2.428 trillion, being the September 2026 Federation Account revenue, has been shared among the Federal Government, authorities governments and section authorities councils.

In a connection connected Friday, the spokesperson for the Office of the Accountant-General of the Federation, Bawa Mokwa said the gross was shared astatine the October 2026 Federation Account Allocation Committee, FAAC, gathering held successful Abuja.

The N2.428 trillion full distributable gross comprised N1.672 trillion successful distributable statutory gross and N756.587 cardinal successful distributable Value Added Tax (VAT) revenue.

The connection indicated that full gross gross of N3.913 trillion was disposable successful September 2026. Total deductions for the outgo of postulation amounted to N131.758 billion, portion transfers, refunds and savings totalled N1.352 trillion.

According to the communiqué, gross statutory gross of N3.096 trillion was received successful September 2026. This was higher than the N2.850 trillion received successful the preceding period by N246.384 billion.

Gross gross of N816.872 cardinal was generated from Value Added Tax (V...