The federal, state, and local governments received a combined N3.863 trillion from the Federation Account Allocation Committee (FAAC) in January and February 2026, marking a 14.2 per cent increase from the N3.381 trillion disbursed in the same period in 2025. January 2026 allocations stood at N1.969 trillion, up from N1.703 trillion in January 2025, while February 2026 saw N1.894 trillion compared to N1.678 trillion the previous year. The federal government received N653.5 billion in January 2026, with states getting N706.4 billion and local councils N513.2 billion. Revenue accruals to the three tiers have more than doubled since 2022, rising from N9.18 trillion that year to N18.54 trillion between January and October 2025.
Despite this revenue growth, poverty remains widespread. The World Bank estimates 15 million Nigerians fell into poverty between 2023 and 2024 following fuel subsidy removal and exchange rate reforms. The National Bureau of Statistics previously recorded 133 million Nigerians, or 63 per cent of the population, in multidimensional poverty. Inflation and high food prices continue to erode household purchasing power.
The FAAC revenue surge under the current administration has not altered the reality for 133 million Nigerians still trapped in multidimensional poverty. Rising allocations mean little when inflation nullifies any trickle-down effect. The data reveals a growing disconnect between state capacity and citizen well-being.
