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FAAC Distributes ₦2.225trn Revenue for August 2025

The Federation Account Allocation Committee (FAAC) has shared a record ₦2.225 trillion among the three tiers of government and statutory beneficiaries for August 2025. This is the highest monthly disbursement in Nigeria’s history. The announcement was contained in a communiqué issued after FAAC’s meeting in Abuja, which attributed the surge in revenue to increased collections […]