States Share N838.208 billion, LGAs Get N591.390 billion as FAAC Distributes N2.550 trillion Revenue for June
The Office of the Accountant General of the Federation (OAGF) has disclosed that a total sum of N2.550 trillion has been shared for June 2026 from the Federation Account Revenue to the Federal Government, THE 36 States, Federal Capital Territory and the 774 Local Government Areas.
OAGF said the revenue was shared at the July 2026 Federation Account Allocation Committee (FAAC) meeting held in Abuja.
“The N2.550 trillion total distributable revenue comprised distributable statutory revenue of N1.809 trillion, distributable Value Added Tax (VAT) revenue of N740.724 billion.
According to a statement signed by Bawa Mokwa, the Director (Press and Public Relations) in the OAGF, a communiqué issued by the Federation Account Allocation Committee (FAAC) indicated that total gross revenue of N4.500 trillion was available in June 2026. Total deduction for cost of collection was N160.744 billion, while total transfers and refunds were N1.789 trillion.
“According to the communiqué, gross statutory revenue of N3.700 trillion was received for June 2026. This was higher than the sum of N2.651 trillion received in the preceding month by N1.049 trillion.
“Gross revenue of N799.746 billion was available from the Value Added Tax (VAT) in June 2026. This was higher than the N743.688 billion available in the month of May 2026 by N56.078 billion.
“The communiqué stated that from the N2.550 trillion total distributable revenue, the Federal Government received a total sum of N923.438 billion, and the State Governments received a total sum of N838.208 billion.
“The Local Government Council received N591.390 billion, while the sum of N197.610 billion (13% of mineral revenue) was shared with the benefiting State as derivation revenue.
“On the N1.809 trillion distributable statutory revenue, the communiqué stated that the Federal Government received N849.366 billion and the State Governments received N430.810 billion”.
The statement explained that the Local Government Councils received N332.136 billion, and the sum of N197.610 billion (13% of mineral revenue) was shared among the benefiting States as derivation revenue.
“From the N740.724 billion distributable Value Added Tax (VAT) revenue, the Federal Government received N74.072 billion, the State Governments received N407.398 billion, and the Local Government Councils received N259.253 billion.
“In June 2026, Companies income Tax (CIT), CGT, SDT, Petroleum Royalties,Gas Flared, Rental & MOR, Value Added Tax (VTA), Import Duty and CET Levies increased significantly while Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT), Mineral Royalties and Fees decreased considerably. Excise Duty increased only marginally,” the explained.