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FAAC: Three Tiers of Government Share ₦2.550 Trillion as June 2026 Revenue; States and LGAs Receive Over ₦1.36 Trillion
FAAC: Three Tiers of Government Share ₦2.550 Trillion as June 2026 Revenue; States and LGAs Receive Over ₦1.36 Trillion
The Federation Account Allocation Committee (FAAC) has distributed a total of ₦2.551 trillion as Federation Account revenue for June 2026 to the Federal Government, the 36 state governments, and the 774 Local Government Councils across Nigeria.
The allocation was approved during the FAAC meeting held in July 2026 in Abuja and chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy. The meeting was attended by the Accountant-General of the Federation, State Commissioners of Finance, and other members of the committee. (FMINFO)
Breakdown of the Revenue Distribution
The total distributable revenue of ₦2.551 trillion comprised:
₦1.810 trillion from Statutory Revenue.
₦740.724 billion from Value Added Tax (VAT). (FMINFO)
Statutory Revenue Allocation
From the statutory revenue:
Federal Government: ₦849.366 billion
State Governments: ₦430.810 billion
Local Government Councils: ₦332.136 billion
13% Derivation to Oil-Producing States: ₦197.610 billion (FMINFO)
Combined Allocation to States and Local Governments
When the statutory allocations are combined with their respective VAT shares and other components, the 36 states and the 774 Local Government Councils received more than ₦1.36 trillion from the June 2026 FAAC distribution, providing significant fiscal support for governance, infrastructure development, healthcare, education, salaries, and grassroots projects. (FMINFO)
Revenue Performance Improves
FAAC reported that gross revenue available for June 2026 stood at approximately ₦4.5 trillion, representing an increase over the previous month. The improvement was driven by stronger collections from:
Companies Income Tax (CIT)
Petroleum Profit Tax and Royalties
Value Added Tax (VAT)
Import Duties
Capital Gains Tax
Stamp Duties
Gas-related revenues
Common External Tariff (CET) Levies
The rise in these revenue streams contributed to a higher distributable pool for all three tiers of government. (The Nation Newspaper)
What This Means for Nigerians
The increased FAAC allocation is expected to strengthen the financial capacity of federal, state, and local governments to:
Execute capital and infrastructure projects.
Pay workers' salaries and pensions promptly.
Improve healthcare and educational services.
Support agricultural and economic development initiatives.
Enhance service delivery at the grassroots level.
However, citizens and civil society organizations continue to emphasize the importance of transparency, accountability, and prudent management of public funds to ensure these allocations translate into tangible improvements in the lives of Nigerians.
Looking Ahead
With revenues showing positive momentum, expectations are rising that sustained improvements in tax collection, oil production, and economic reforms will further strengthen government finances. Effective utilization of these resources will be crucial in driving inclusive growth, reducing poverty, and accelerating national development.
As larger allocations continue to flow into states and local governments, Nigerians will be looking for measurable progress in infrastructure, public services, job creation, and overall economic development.
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