Key points Main story Nigeria’s Federation Account recorded a cumulative revenue of about ₦83.97 trillion between 2023 and 2025, but a significant portion—₦34.53 trillion—was deducted at source before distribution to the three tiers of government, according to the latest Nigeria Development Update by the World Bank. An analysis of the report shows that these deductions … Continue reading FAAC deductions swallow 41% of ₦84tn revenue in three Years — World Bank