FAAC Reconvenes Meeting Today After 2-week Revenue Row

…As 3-tiers of govt share N1.969trn

The Federation Account Allocation Committee (FAAC) is set to reconvene today (Monday) to distribute N1.969 trillion following the resolution of a dispute that deadlocked the revenue-sharing committee twice within 12 days.

Multiple sources in the Federal Ministry of Finance and the Office of the Accountant General of the Federation (OAGF) confirmed that representatives of the federal and state governments met last Friday and agreed on adjustments to end the disagreement that stalled the January 20th FAAC meeting.

State finance commissioners are expected to reconvene in Abuja today to ratify the revised figures and approve the FAAC communiqué, following the federal government’s agreement to adjust disputed line items.

“One line item will be changed,” a senior government appointee in the finance ministry told LEADERSHIP. “What I can confirm to you is that FAAC will share N1.969 trillion on Monday (today). Salaries will start coming in on Monday immediately after the ratification.”

Dispute Over December Revenue

The deadlock stemmed from disagreements over the distribution of December 2025’s total revenue of N2.585 trillion, with the state governments demanding an increase in the distributable revenues. The prolonged dispute led to delayed salary payments for millions of public workers across federal and state agencies.

A source in the finance department at the OAGF said: “The FAAC communiqué that was prepared since January 20th has not been approved because of this dispute. Even we in the OAGF have not been paid. But hopefully, salaries will be paid from Monday because we know the issues have been resolved.”

A very senior officer in the Ministry of Finance downplayed suggestions of serious friction between parties, stating that the issue would be addressed when representatives meet today in Abuja.

Ministers Paid Despite Deadlock Despite the widespread salary delays, LEADERSHIP gathered that virtually all of President Bola Tinubu’s cabinet ministers received their salaries last Thursday.

“Our own Ministers were paid on Thursday,” a female public worker disclosed in Abuja.

Two credible sources in the Federal Ministry of Finance confirmed the selective payments, which also extended to some government establishments that do not depend on FAAC allocations, including the judiciary and paramilitary services.

The judiciary reportedly sources independent funds to pay salaries almost every month to avoid delays from FAAC disbursements.

FAAC, established under Section 162 of the 1999 Constitution, allocates revenue generated by the federal government among the federal, state, and local government tiers.

The committee’s monthly meetings determine financial allocations for public sector workers, pensioners, and contractors across Nigeria’s 36 states and 774 local government areas.