According to an official statement released on Wednesday, Nigeria’s Federation Account Allocation Committee (FAAC) distributed N1.65 trillion amongst the federal, state, and local governments for the month of May.
The allocation represents a decrease of N30 billion compared to the previous month, when the committee shared N1.68 trillion in April.
The Ministry of Finance confirmed the figures in a communiqué issued following FAAC’s June 2025 meeting. Mohammed Manga, director of information and public relations at the finance ministry, signed the statement announcing that Wale Edun, minister of finance and coordinating minister of the economy, chaired the meeting.
