The Federation Account Allocation Committee (FAAC) disbursed a total of N2.550 trillion in distributable revenue to the Federal Government, States, and Local Government Councils for June 2026, marking a significant increase from the N2.300 trillion distributed in May.
Breakdown of the June 2026 Allocation, The N2.550 trillion total distributable revenue comprised N1.809 trillion in statutory revenue and N740.724 billion in Value Added Tax (VAT).
Allocation to the Tiers of Government; From this total distributable sum, the three tiers of government received the following allocations:
Federal Government: N923.438 billion
State Governments: N838.208 billion
Local Government Councils: Remaining balance after Statutory and VAT deductions (Specific figures are detailed by the Office of the Accountant General of the Federation).
Revenue Highlights
Gross Available Revenue: The total gross revenue available in the month of June reached N4.500 trillion.
Statutory Revenue: Gross statutory revenue for June surged to N3.700 trillion, a major increase of N1.049 trillion compared to May.
