FAAC: FG, States, LGCs share massive N2.550tn as June revenue

Nigeria’s 3 tiers of government, comprising the national government, states and section authorities councils, shared a important full sum of N2.550 trillion successful June 2026 Federation Account revenue.

The manager of the Office of the Accountant General of the Federation, Bawa Mokwa, disclosed this successful a connection connected Wednesday.

The gross was shared astatine the July 2026 Federation Account Allocation Committee (FAAC) gathering held successful Abuja.

The N2.550 trillion full distributable gross comprised distributable statutory gross of N1.809 trillion and distributable Value Added Tax (VAT) gross of N740.724 billion.

A communiqué issued by the Federation Account Allocation Committee (FAAC) indicated that full gross gross of N4.500 trillion was disposable successful the period of June 2026. Total deduction for outgo of postulation was N160.744 billion, portion full transfers and refunds were N1.789 trillion.

According to the communiqué, gross statutory gross of N3.700 trillion was received for the period of June 2026. This was higher than the sum of N2.651 trillion received successful the preceeding period by N1.049 trillion.