The Federation Account Allocation Committee (FAAC) is set to reconvene Monday, February 2, 2026, to distribute N1.969 trillion following the resolution of a dispute that stalled the committee twice within 12 days.
Sources from 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 resolve disagreements that blocked the January 20 FAAC meeting.
State finance commissioners are expected to meet in Abuja today to ratify the revised figures and approve the FAAC communiqué. According to a senior finance ministry official, “One line item will be changed. FAAC will share N1.969 trillion on Monday. Salaries will start coming in immediately after the ratification.”
The deadlock originated from disagreements over the distribution of December 2025’s total revenue of N2.585 trillion, with state governments demanding a larger share of distributable revenues. The prolonged impasse delayed salary payments for millions of public workers across federal and state agencies.
The resumption of FAAC distributions is expected to alleviate salary backlogs and restore liquidity to government operations.
