ABUJA, Nigeria — The Federation Account Allocation Committee (FAAC) has shared ₦2.428 trillion among the Federal Government, 36 state governments and 774 local government councils as the FAAC allocation for September 2026.
Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant-General of the Federation, disclosed this in a statement issued on Thursday in Abuja after FAAC’s October meeting.
The distributable revenue comprised ₦1.672 trillion in statutory revenue and ₦756.587 billion from Value Added Tax (VAT).
Gross revenue available for the FAAC allocation
Total gross revenue of ₦3.913 trillion was available for distribution in September, before deductions for collection costs, transfers, refunds and savings. ₦131.758 billion was deducted as the cost of collection, while transfers, refunds and savings came to ₦1.352 trillion.
Gross statutory revenue rose to ₦3.096 trillion in September, up ₦246.384 billion from ₦2.850 trillion in August.
Gross VAT revenue stood at ₦816.872 billion, down ₦17.972 billion from ₦834.843 billion in August.
Kanyi Daily reports that Petroleum Profit Tax, Hydrocarbon Tax, petroleum royalties, import duty, CET levies and excise duty recorded significant increases. Companies Income Tax, Capital Gains Tax, Stamp Duties, VAT, mineral royalties, gas-flaring penalties, gas-flaring fees and miscellaneous oil revenue declined.
How the September FAAC allocation was shared
Of the ₦2.428 trillion, the Federal Government received ₦832.242 billion, state governments received ₦799.872 billion and local government councils received ₦560.660 billion. Benefiting states also shared ₦236.049 billion as the 13% derivation on mineral resources.
From the ₦1.672 trillion distributable statutory revenue, the Federal Government received ₦756.583 billion, states received ₦383.749 billion and local councils received ₦295.855 billion.
From the ₦756.587 billion distributable VAT revenue, the Federal Government received ₦75.659 billion, states received ₦416.123 billion and local councils received ₦264.805 billion.
State FAAC allocation in the second quarter
Nigeria’s 36 states received a combined ₦2.39 trillion from the Federation Account in the second quarter of 2026. That was ₦259.41 billion, or 12.2%, higher than the ₦2.13 trillion received in the first quarter.
