The Federation Account Allocation Committee (FAAC) has disbursed N2.428 trillion to the three tiers of government as revenue for September 2026, covering the Federal Government, 36 state governments and 774 local government councils.
The figures were disclosed in a statement issued in Abuja on Thursday by Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant-General of the Federation, following FAAC's October meeting.
The distributable pool comprised N1.672 trillion in statutory revenue and N756.587 billion from Value Added Tax (VAT). Before deductions, total gross revenue available for the month stood at N3.913 trillion.
Collection costs accounted for N131.758 billion, while transfers, refunds and savings totalled N1.352 trillion.
Gross statutory revenue rose to N3.096 trillion in September, an increase of N246.384 billion over the N2.850 trillion recorded in August. Gross VAT revenue, however, fell to N816.872 billion from N834.843 billion the previous month, a decline of N17.972 billion.
Mokwa noted that Petroleum Profit Tax, Hydrocarbon Tax, petroleum royalties, import duty, CET levies and excise duty recorded significant increases. Companies Income Tax, Capital Gains Tax, Stamp Duties, VAT, mineral royalties, gas-flaring penalties, gas-flaring fees and miscellaneous oil revenue declined over the same period.
From the distributable total, the Federal Government received N832.242 billion, state governments received N799.872 billion and local government councils received N560.660 billion. Benefiting states also shared N236.049 billion as 13 percent derivation revenue from mineral resources.
Within the statutory component, the Federal Government received N756.583 billion, states received N383.749 billion and local governments received N295.855 billion. From the distributable VAT pool, the Federal Government received N75.659 billion, states received N416.123 billion and local government councils received N264.805 billion.
The allocation reflects mixed performance across government revenue sources, with statutory revenue increasing while gross VAT collections declined. The disbursement follows a second-quarter 2026 report in which Nigeria's 36 states received a combined N2.39 trillion from the Federation Account, an increase of N259.41 billion, or 12.2 percent, from the N2.13 trillion recorded in the first quarter.
