FAAC Allocates N2.428 Trillion to Governments for September 2026
The Federation Account Allocation Committee (FAAC), chaired by the Accountant General of the Federation, Shamsudeen B. Ogunjimi, allocated a total of N2.428 Trillion to the three tiers of government for September 2026 from a gross total of N3.913 Trillion. The Federal Government received N832.242 Billion, States received N799.872 Billion, Local Government Councils got N560.660 Billion, and Oil Producing States received N236.049 Billion as Derivation (13% of Mineral Revenue).
Additionally, N131.758 Billion was allocated for the cost of collection, while N1.352.927 Trillion was designated for Transfers, Refunds, and Savings. The Gross Revenue from Value Added Tax (VAT) for September 2026 was N816.872 Billion, a decrease from N834.843 Billion in the previous month.
The Distributable Statutory Revenue for the month was N1.672.238 Trillion, with VAT contributing N756.587 Billion, bringing the total allocation to N2.428.823 Trillion.
Plus234Feed summary based on reporting from Federal Ministry of Information. Read the original report below.
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