ABUJA, June 19 – Nigeria has set aside about N500 billion ($364 million) from the May 2026 Federation Account Allocation Committee (FAAC) revenue to fund emergency security operations across the country.
The deduction was made before revenue was shared among the respective tiers of government. Officials also confirmed that state finance commissioners, who are members of the committee, were aware of the decision.
An official FAAC document showed that N250 billion was allocated to a Military Intervention Fund, while another N252 billion was earmarked as an Infrastructure Development Fund for states. In addition, N450 billion was transferred to the Non Oil Excess Revenue Account, bringing the total value of the three major deductions to N952 billion.
After the deductions, FAAC shared N2.30 trillion from May 2026 revenue among the three tiers of government, slightly higher than the N2.26 trillion distributed in April. Of the total allocation, the Federal Government received N818.68 billion, states got N759.14 billion, local governments received N534.28 billion, while oil producing states shared N188.13 billion as 13 percent derivation revenue.
The move comes as Nigeria continues to deal with security challenges including insurgency, bandit attacks, kidnappings, farmer herder clashes, separatist violence and oil theft.
Economists welcomed the decision, saying stronger funding for security is necessary but stressed that the money must be managed transparently. They noted that improved funding should translate into better equipment, intelligence gathering, recruitment and support for security personnel.
Meanwhile, the Department of State Services (DSS) has asked the House of Representatives to remove provisions in the proposed DSS Trust Fund Bill that would allow international organisations to contribute to the fund. The agency warned that foreign funding could expose sensitive intelligence operations to outside influence and affect Nigeria’s security interests.
The DSS also proposed a clearer funding formula for the trust fund and backed the bill, saying dedicated financing would improve intelligence gathering, counterterrorism efforts, emergency response and the acquisition of modern security equipment.
Separately, Deputy Inspectors General of Police recently deployed to the six geopolitical zones have resumed duties as part of efforts to strengthen intelligence led policing, improve operational coordination and respond more effectively to security threats across the country.
