The Federation Account Allocation Committee (FAAC) shared a record total of N18.54 trillion to the federal, state and local governments between January and October 2025, marking the strongest revenue distribution in recent history.
For instance, just seven banks reported N18.16 trillion mandatory deposits with CentralBanks as of half year ended June 30, 2025, representing an increase of 6.9 per cent when compared to N16.99 trillion reported in 2024 financial year. ... .