The Federal Government, state governments and local government councils have shared ₦2.55tn from June 2026 Federation Account revenue, representing a ₦250bn increase from the ₦2.3tn distributed in the previous month.
The latest allocation reflects a 10.9 per cent month-on-month rise and continues the upward trend in federation revenue recorded so far this year.
The ₦2.3tn shared from May revenue had increased by ₦43bn compared with the ₦2.26tn distributed from April collections. April’s allocation was also ₦217bn higher than the ₦2.04tn shared from March revenue, while March’s figure rose by ₦150bn from the ₦1.89tn allocated from February revenue.
The figures were contained in a statement issued on Wednesday by the Director of Press and Public Relations at the Office of the Accountant-General of the Federation, Bawa Mokwa, following the July 2026 meeting of the Federation Account Allocation Committee (FAAC) held in Abuja.
The statement said, “A total sum of ₦2.55tn, being June 2026 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils.”
According to the FAAC communiqué, the distributable amount consisted of ₦1.81tn in statutory revenue and ₦740.72bn from Value Added Tax (VAT).
The committee reported that total gross revenue generated in June stood at ₦4.5tn. From this amount, ₦160.74bn was deducted as the cost of collection, while ₦1.79tn was recorded as transfers and refunds.
Statutory revenue recorded significant growth during the period, rising to ₦3.7tn in June from ₦2.65tn in May, representing an increase of ₦1.05tn.
VAT collections also improved, increasing to ₦799.75bn in June from ₦743.69bn in May, a rise of ₦56.08bn.
The committee attributed the improved performance to stronger contributions from key revenue streams, including Companies Income Tax, Capital Gains Tax, Stamp Duty Tax, petroleum royalties, gas flaring charges, Value Added Tax, import duties and Common External Tariff levies.
However, revenue from Petroleum Profit Tax, Hydrocarbon Tax, mineral royalties and some related fees declined during the month, while excise duty recorded a marginal increase.
From the ₦2.55tn shared, the Federal Government received ₦923.44bn, states received ₦838.21bn, and the 774 local government councils received ₦591.39bn. Oil-producing states also received ₦197.61bn as 13 per cent derivation revenue.
A breakdown of the ₦1.81tn statutory revenue showed that the Federal Government received ₦849.37bn, states received ₦430.81bn, and local governments received ₦332.14bn, while oil-producing states received their ₦197.61bn derivation allocation.
From the ₦740.72bn VAT revenue, the Federal Government received ₦74.07bn, state governments received ₦407.4bn, and local government councils received ₦259.25bn.
The latest allocation, boosted by higher statutory revenue and improved VAT collections, represents one of the highest monthly distributions recorded this year and provides increased funding for the three tiers of government.
