States Receive More FAAC Revenue, But Development Still Lags
Nigeria’s states have received significantly higher allocations from the Federation Account since the removal of the petrol subsidy, but concerns remain over whether the increased revenue is translating into improved living conditions for citizens. FAAC distributions rose from N10.09 trillion in 2023 to N15.26 trillion in 2024 and N21.90 trillion in 2025. The 36 states also received N4.54 trillion in the first six months of 2026, according to figures cited by The PUNCH. However, the increase in revenue has been […]