About N500bn was deducted from the Federation Account Allocation Committee (FAAC) revenue for May 2026 to fund a national security emergency intervention before the monthly revenue was shared among the Federal Government, states, and local government councils.
Officials familiar with the development said the deduction was made upfront during the FAAC process. One source stated that the security intervention fund accounted for a major portion of the gap between total revenue generated and the final distributable amount.
Documents from the FAAC meeting showed that alongside the security-related allocation, about N250bn was set aside for a Military Intervention Fund, while N252bn was allocated to an Infrastructure Development Fund for states. In addition, N450bn was transferred to the Non-Oil Excess Revenue Account. Altogether, these major deductions amounted to about N952bn.
