The disagreement over the volume of revenue to be distributed among the three tiers of government this month has stalled the sharing of federation revenue in the last two weeks.
It was learnt that ¦ 1.969 trn was planned to be distributed at the end of the January 20 FAAC meeting.
However, the Commissioners of Finance were said to have rejected the amount, insisting on more revenue for distribution.
Usually, the Federation Accounts Allocation Committee (FAAC) meets between the end of the second or third quarter of every month to consider revenue collection of the previous month and share it between the federal, states and local governments for current month’s expenditure.
The disagreement has led to the delay in the payment of public sector workers’ January salaries.
Saturday Vanguard investigation revealed that Commissioners of Finance who represent their state governments rejected the revenue brought forward for distribution, on the ground that it was too little and did not meet the realities of accruals in December 2025.
