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,
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
Oluwatosin Ogunjuyigbe
Oluwatosin Ogunjuyigbe is a writer and journalist who covers business, finance, technology, and the changing forces shaping Nigeria’s economy. He focuses on turning complex ideas into clear, compelling stories.
