FAAC shares record N1.81tr allocation for June
Chieftain of the All Progressives Congress (APC) in Delta State, Ayiri Emami, has said state governors are not doing enough despite the recent increase in the monthly disbursement by the Federation Account Allocation Committee (FAAC).
This was as FAAC distributed N1.818 trillion to the three tiers of government as revenue generated in June 2025, the highest monthly allocation recorded this year, according to a communiqué issued after the FAAC meeting in Abuja for July, and signed by the Director of Press and Public Relations at the Office of the Accountant General of the Federation (OAGF), Bawa Mokwa, yesterday.
Emami told journalists in Abuja at the weekend that the revenue profile of states increased since the removal of the petrol subsidy by President Bola Tinubu.
This is coming at the time it was disclosed that half of the 36 state governors were being investigated by the Economic and Financial Crimes Commission (EFCC), according to the anti-graft agency’s chairman, Ola Olukoyede.
The APC chieftain said Nigerians must hold the state governments accountable to know what they are doing with the huge disbursements, instead of blaming the Federal Government.
“If the Federal Government has taken off the subsidy and the money is being paid to the state government, the states are supposed to look after the needs of their people,” he said. “But I think the state governors don’t care, so everybody now focuses on the Federal Government.
“The President should watch what is going on in the states, since the allocation is being adequately sent back home to the state governments.”
The June allocation marks a notable increase from previous months, with May’s revenue at N1.659 trillion, April at N1.681 trillion and March at N1.578 trillion.
The shared revenue comprises N1.018 trillion from statutory allocations, N631.507 billion from Value Added Tax (VAT), N29.165 billion from the Electronic Money Transfer Levy (EMTL), N38.849 billion from exchange difference revenue, and N100 billion from non-mineral sources.
Gross revenue for June stood at N4.232 trillion, from which N162.786 billion was deducted as the cost of collection, while N2.251 trillion was earmarked for transfers, interventions, refunds and savings.
