The Federation Account Allocation Committee (FAAC) disbursed N2.036 trillion in March 2025 to the federal, state, and local governments. The meeting was chaired by Finance Minister Wale Edun in Abuja. The federal government received the largest share, followed by the 36 states and 774 local councils. The allocation followed the existing revenue-sharing formula: 52.68% to the federal government, 26.72% to states, and 20.60% to local governments. No state governor attended the meeting, with only commissioners of finance representing their respective states. The figure represents the total revenue available for distribution after deductions for cost of collection and statutory allocations. The amount shared is lower than the N2.14 trillion disbursed in February 2025. A breakdown of individual state allocations was not provided in the report. The committee is scheduled to meet monthly to approve revenue distribution.
Finance Minister Wale Edun chaired a FAAC meeting that allocated less revenue in March than in February, despite no explanation given for the drop. The absence of state governors at the meeting contrasts with their usual public appearances during fund disbursement events. The federal government took over half of the total amount shared, leaving states and local councils to split the remainder. This pattern continues without clarification on how the declining revenue affects specific public services in the states.
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