FAAC Disburses N1.894tn in February Revenue
FAAC released N1.894 trillion from February 2026 Federation Account revenue, with N1.274 trillion as statutory revenue and N619.119 billion from VAT. Federal government received N675.088bn, states N651.525bn, and local governments N456.467bn. Oil-producing states got N110.949bn derivation revenue. Statutory revenue fell N395.138bn from January, while VAT dropped N414.710bn. Total gross revenue was N2.230 trillion, with N77.302bn collection costs and N259.078bn set aside.
SOURCE: https://dailypost.ng/2026/03/13/faac-releases-n1-894tn-to-fg-states-local-govts-as-february-revenue/