FG, states, LGs share ₦2.551tn as FAAC distributes June 2026 revenue

The Federation Account Allocation Committee has distributed ₦2.551 trillion in June 2026 federation revenue among the Federal Government, 36 states, and 774 local government councils, with gross statutory revenue rising by ₦1.049 trillion over May 2026 figures.

The monthly revenue-sharing ritual has produced its biggest numbers in recent months.

The Federation Account Allocation Committee (FAAC) on Wednesday shared a total of ₦2.551 trillion among Nigeria’s three tiers of government as federation account revenue for June 2026, according to a statement by the Federal Ministry of Finance spokesperson Efe Ovuakporie.

Vanguard reports that the meeting, held in Abuja and chaired by Finance Minister Taiwo Oyedele, was attended by the Accountant General of the Federation, State Commissioners of Finance, and other committee members.

The distributable pool comprised ₦1.810 trillion in Statutory Revenue and ₦740.724 billion from Value Added Tax.

Here is how the statutory revenue was split: the Federal Government took ₦849.366 billion, State Governments received ₦430.810 billion, Local Government Councils got ₦332.136 billion, and oil-producing states collected ₦197.610 billion as 13 per cent derivation.

On the VAT side, the Federal Government received ₦74.072 billion, States got ₦407.398 billion, and Local Governments received ₦259.253 billion.

In total, the Federal Government walked away with ₦923.438 billion, State Governments received ₦838.208 billion, Local Government Councils got ₦591.390 billion, and oil-producing states received ₦197.610 billion in derivation funds.

FAAC put gross revenue available in June 2026 at ₦4.501 trillion — comprising ₦3.701 trillion in statutory revenue and ₦799.746 billion in gross VAT collections.

Gross statutory revenue rose by ₦1.049 trillion over May 2026 figures, driven by stronger receipts from Companies Income Tax, VAT, Import Duty, Customs Excise Tariff Levies, Petroleum Royalties, Gas Flared Penalties, Rental Income, and Miscellaneous Oil Revenue.

Collections from Petroleum Profit Tax, Hydrocarbon Tax, Mineral Royalties, and Fees, however, recorded declines.