Abuja, July 16, 2026 – The Federation Account Allocation Committee (FAAC) has shared ₦2.551 trillion among the three tiers of government as their monthly allocations for June 2026.
Out of the total allocations, the federal government got ₦923.438 billion, the states received ₦838.208 billion, while the local governments received ₦591.390 billion, while ₦197.610 billion was distributed among the oil producing states as 13 per cent derivation allocations
The FAAC shared the allocations on Wednesday at the monthly meeting committee chaired by Taiwo Oyedele, the Minister of Finance and Coordinating Minister of the Economy.
According to a statement issued at the end of the meeting, ₦4.501 trillion was the, total revenue available in June 2026, comprising ₦3.701 trillion in statutory revenue and ₦799.746 billion in gross VAT collections.
The gross statutory revenue had increased by ₦1.049 trillion over the figure in May due to higher receipts from Companies Income Tax, Value Added Tax, Import Duty, Customs Excise Tariff Levies, Petroleum Royalties, Gas Flared Penalties, Rental Income and Miscellaneous Oil Revenue
The amount distributed comprised ₦1.810 trillion in Statutory Revenue and ₦740.724 billion from Value Added Tax (VAT).
From the Statutory Revenue, the federal government received ₦849.366 billion, the states ₦430.810 billion, while the local government received ₦332.136 billion. The oil producing States also received ₦197.610 billion as 13 per cent derivation.
The federal government receive ₦74.072 billion from VAT, while the states the received ₦407.398 billion and local governments
