FAAC Deadlock: States reject ₦1.9tn, January revenue allocation stalled Story by Martha Gwary Disagreement over the amount of revenue to be shared among the three tiers of government has stalled the distribution of January federation allocations for more than two weeks. READ ALSO: Reps pass ₦58.47tn 2026 budget for second reading. Findings revealed that about ₦1.969 trillion was scheduled for distribution at the Federation Accounts Allocation Committee (FAAC) meeting held on January 20. However, state governments, through their Commissioners of Finance, rejected the figure, insisting that a higher sum should be shared. FAAC traditionally meets...