{
  "id": 8157551,
  "title": "FG, States, Local Governments Share N2.338 Trillion as August Allocations",
  "url": "https://urgent.news/2026/09/18/fg-states-local-governments-share-n2-338-trillion-as-august",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T02:57:42.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/09/18/fg-states-local-governments-share-n2-338-trillion-as-august-allocations/"
  },
  "original_language": "en",
  "account": "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.\n\nThe 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.\n\nVAT 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.\n\nGross 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.",
  "summary": "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",
  "key_points": [
    "Federal government receives N804.897 billion as August allocation",
    "States get N794.313 billion, local councils N555.142 billion",
    "VAT revenues up N40.875 billion, with N733.233 billion distributed"
  ],
  "editors_take": "The increased allocation reflects a surge in VAT revenues, which boosted the distributable funds for the three tiers of government, with states and local governments gaining from the higher shared revenue.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}