BREAKING: FG, States And LGs Share ₦2.338tn From August Revenue



The Federal Government, states and Local Government Councils have shared ₦2.338 trillion from the Federation Account revenue for August 2026.

The money was shared at the September meeting of the Federation Account Allocation Committee (FAAC), held in Abuja.

The ₦2.338 trillion distributable revenue included ₦1.565 trillion from statutory revenue and ₦773.233 billion from Value Added Tax (VAT).

A total gross revenue of ₦3.685 trillion was available for distribution. However, ₦125.142 billion was deducted as the cost of collection, while ₦1.221 trillion went to transfers, refunds and savings.

Gross statutory revenue fell to ₦2.850 trillion in August from ₦4.359 trillion in July, a decrease of ₦1.508 trillion.

Meanwhile, gross VAT revenue increased from ₦793.968 billion in July to ₦834.843 billion in August.

From the ₦2.338 trillion shared, the Federal Government received ₦804.897 billion, states got ₦794.313 billion, while Local Government Councils received ₦555.142 billion.

Benefiting states also received ₦184.388 billion as 13% derivation revenue from mineral resources.

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