Big money, small impact: Govs face fire over N9tn FAAC windfall

This surge came against the backdrop of a sharp expansion in total FAAC distributions. Aggregate allocations to the three tiers of government, including derivation, rose from N15.259tn in 2024 to N21.897tn in 2025. States therefore captured a substantial share of the overall increase, both in absolute terms and as a proportion...