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2 clusters · 8 sources · 29 days · First seen · Last updated

Nigeria FAAC revenue distribution

Overview

Nigeria’s Federation Account Allocation Committee (FAAC) reported fluctuations in revenue distribution between August and September 2026.

In August, the FAAC distributed N2.338 trillion, a 22.2 percent decline from the previous month. This drop was attributed to a 34.6 percent decrease in gross statutory revenue, despite an increase in Value Added Tax (VAT) collections. The Federal Government received N804.897 billion, states received N794.313 billion, and local councils were allocated N555.142 billion.

By September, the total distribution rose to N2.428 trillion, a 3.85 percent increase. This recovery was driven by a rise in gross statutory revenue to N3.096 trillion, supported by petroleum-related taxes, royalties, and import duties, even as VAT collections declined. The Federal Government’s share rose to N832.242 billion, states received N799.872 billion, and local councils were allocated N560.660 billion.

Entities

Federation Account Allocation Committee · Bawa Mokwa · Nigeria · Abuja · Federal Government of Nigeria

Timeline

  1. [BUSINESS] 4 sources
    FAAC distributes N2.428 trillion to Nigeria's three tiers of government

    Nigeria's FAAC distributed N2.428 trillion to federal, state, and local governments for September 2026, a 3.85% increase driven by rebounding statutory and petroleum-related revenues.

  2. [BUSINESS] 5 sources
    Nigeria distributes N2.338 trillion in August revenue

    Nigeria's FAAC distributed N2.338 trillion in August 2026 revenue, a 22.2% monthly decline driven by falling statutory receipts despite a rise in VAT collections.

Sources

matazarising.com · naijanews.com · platinumpost.ng · punchng.com · thecitizenng.com · theglittersonline.com.ng · thewhistler.ng · zalebs.com