FG, states, LGs share N2.34tn as revenue falls
The Federal Government, states, and local councils shared N2.338tn from August 2026 revenue, a 22.2% decline from the previous month, FAAC has said. Read More: https://punchng.com/fg-states-lgs-share-n2-34tn-as-revenue-falls/
The Federal Government, states and local government councils shared N2.338 trillion in August 2026, marking a 22.2% decline from the previous month's record N3.007 trillion distribution, according to a statement by the Office of the Accountant-General of the Federation. This decline in revenue allocation came amid a sharp drop in statutory revenue, which fell by N1.508 trillion or 34.6% to N2.850 trillion in August from N4.359 trillion in July.
Value Added Tax collections, however, saw an upward trend, rising by N40.88 billion in August, with gross VAT revenue standing at N834.843 billion, reflecting a 5.1% increase from July's N793.968 billion. The Federal Government received N804.897 billion, while the 36 states received N794.313 billion, and the 774 local government councils received N555.142 billion.
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- FG, states, LGs share N2.34tn as revenue falls punchng.com
