States and councils received ₦2.68 trillion from FAAC in four months
Monthly revenue shared by the Federation Account Allocation Committee to Nigeria's 36 states and 774 local government councils, January to April 2024.
The Federation Account Allocation Committee (FAAC) meets every month to share the revenue collected by the federation among the federal government, the 36 states and the 774 local government councils. Between January and April 2024, the states received ₦1,548.4 billion and the councils ₦1,127.7 billion, a combined ₦2.68 trillion.
Source: Federation Account Allocation Committee (FAAC) monthly communiqués, February to May 2024. Amounts shared from statutory revenue, value added tax, the electronic money transfer levy and exchange difference. The 13 percent derivation paid to oil-producing states is not included.
Show the figures
| Month | States | Local government councils |
|---|---|---|
| January | 379.407 | 278.041 |
| February | 366.950 | 267.153 |
| March | 398.689 | 288.688 |
| April | 403.403 | 293.816 |
Revenue collected in one month is shared at the committee’s meeting the following month, so the January figures come from the February communiqué, and so on.
Over the same months, food prices kept rising. Food inflation stood at 40.53 percent in April 2024, against 24.61 percent a year earlier.
Source: National Bureau of Statistics (NBS), Consumer Price Index, April 2024. Headline inflation in April 2024 was 33.69 percent.