The Federation Account Allocation Committee has shared N1.894 trillion among the federal, state and local governments as February 2026 federation revenue
The Federation Account Allocation Committee has shared N1.894 trillion among the three tiers of government as federation allocation for February 2026. According to a statement issued by the Federal Ministry of Finance, the amount was distributed from a gross revenue of N2.230 trillion generated during the month.
From the total shared, the Federal Government of Nigeria received N675.086 billion, the 36 state governments got N651.525 billion, while the 774 local government councils received N456.467 billion. Oil-producing states were also allocated an additional N110.949 billion as derivation revenue, representing 13 per cent of mineral proceeds.
The ministry disclosed that N77.302 billion was paid to revenue-generating agencies as the cost of collection, while N259.078 billion was allocated for transfers, interventions and refunds. It added that gross Value Added Tax revenue stood at N668.450 billion in February, down from N1.083 trillion in the previous month, while statutory revenue dropped to N1.561 trillion from N1.957 trillion recorded earlier, reflecting declines of N414.710 billion and N395.138 billion respectively.
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