The Federal Government, 36 states and the 774 local government councils shared N2.428tn as Federation Account revenue for September 2026, despite a decline in revenue from Value Added Tax (VAT).
The allocation was announced in a communiqué issued after the October 2026 meeting of the Federation Account Allocation Committee (FAAC), held in Abuja.
The distributable revenue comprised N1.672tn from statutory revenue and N756.587bn from VAT.
The communiqué stated that total gross revenue of N3.913tn was available in September, while N131.758bn was deducted as the cost of collection. Transfers, refunds and savings amounted to N1.352tn.
Gross statutory revenue stood at N3.096tn, representing an increase of N246.384bn compared with the N2.85tn recorded in August.
However, gross VAT revenue declined to N816.872bn in September from N834.843bn in August, representing a decrease of N17.972bn.
From the N2.428tn shared, the Federal Government received N832.242bn, while the state governments received N799.872bn.
The local government councils received N560.66bn, while N236.049bn was shared among benefiting states as 13 per cent derivation revenue from mineral resources.
A breakdown of the N1.672tn distributable statutory revenue showed that the Federal Government received N756.583bn, while the state governments received N383.749bn.
The local government councils received N295.855bn, while the benefiting states received N236.049bn as derivation revenue.
From the N756.587bn distributable VAT revenue, the Federal Government received N75.659bn, the state governments received N416.123bn, while the local government councils received N264.805bn.
The communiqué further indicated that Petroleum Profit Tax, Hydrocarbon Tax, petroleum royalties, import duty, Common External Tariff levies and excise duty recorded significant increases in September.
However, Companies Income Tax, Capital Gains Tax and Stamp Duties, VAT, mineral royalties, gas-flaring penalties, rental gas-flaring fees and miscellaneous oil revenue recorded declines during the period.
The statement was signed by the Director of Press and Public Relations in the Office of the Accountant-General of the Federation, Bawa Mokwa.
