FAAC: FG, states, LGs share N3 trn

Nigeria's federal, state, and local governments have collectively shared N3.007 trillion in revenue for July 2026. The Federation Account Allocation Committee (FAAC) announced the figures during a meeting in Owerri, Imo State.

This distribution represents an increase compared to the N2.551 trillion shared in July 2025. The total distributable sum for the previous month comprised N1.810 trillion in statutory revenue and N740.724 billion from Value Added Tax (VAT).

The FAAC communique highlighted a strengthening revenue base, with gross statutory revenue climbing to N4.359 trillion. This marks a significant increase of N658.087 billion, or 17.8 percent, from the N3.700 trillion recorded in the prior month. The committee attributed this growth to enhanced collection performance across both oil and non-oil statutory sources.

While statutory revenue surged, gross VAT revenue experienced a marginal decline of N5.778 billion (0.7%), falling from N799.746 billion to N793.968 billion. Despite this slight decrease, consumption tax receipts are noted to remain resilient on a month-to-month basis.