FAAC Shares N17trn in First Half, States Get N518bn for Infrastructure

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FAAC Shares N17trn in First Half, States Get N518bn for Infrastructure

ABUJA — The Federation Account Allocation Committee distributed about N17.07 trillion to the three tiers of government in the first half of 2026, according to an analysis by ThisDay of statements from the Office of the Accountant-General of the Federation. Monthly allocations ranged from N2.23 trillion in March to N3.40 trillion in June. States received a further N518 billion for infrastructure in May and June. The statements also show N250 billion for a Military Intervention Fund in May and N500 billion for a National Security Emergency Fund in June, without details of how the money will be spent. Oil-producing states received N763.73 billion in derivation payments.

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