FG, States, Local Governments Share N2.338 Trillion as August Allocations
Ndubuisi Francis in Abuja The Federation Account Allocation Committee (FAAC), at its September 2026 meeting chaired by the Accountant-General of the Federation, Mr. Shamseeldeen Ogunjimi shared a total sum of
On September 2026, the Federation Account Allocation Committee (FAAC) met in Abuja to distribute N2.338 trillion to the federal, state, and local government tiers as the August allocation. The federal government received N804.897 billion, states received N794.313 billion, and local government councils (LGCs) received N555.142 billion.
The allocation included N184.388 billion in Derivation Revenue, representing the 13 per cent of mineral revenue for oil-producing states. A total of N1.221 trillion was deducted for the cost of collection, with N1.184 trillion allocated for Transfers, Intervention and Refunds.
VAT revenues totalled N834.843 billion for August 2026, up from N793.968 billion in the previous month, an increase of N40.875 billion. Out of this VAT revenue, N100.545 billion was deducted for collection, and N1.184 trillion was allocated for Transfers, Intervention and Refunds. The balance of N733.233 billion was distributed among the three tiers, with the federal government receiving N77.323 billion, states receiving N425.278 billion, and LGCs receiving N270.632 billion.
Gross Statutory Revenue decreased to N2.850 trillion from N4.359 trillion in the previous month, a drop of N1.509 trillion. After deducting N24.597 billion for collection and N37.014 billion for Transfers, Intervention and Refunds, the remaining N1.565 trillion was distributed. The federal government received N727.573 billion, states received N369.035 billion, and LGCs received N284.511 billion. Additionally, N184.388 billion was allocated as Derivation Revenue for mineral-producing states.
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