NRS and NUPRC Collect N123.54 Billion in June 2026

In June 2026, the Nigeria Revenue Service (NRS) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) collectively earned N123.54 billion in collection fees from the Federation Account Allocation Committee (FAAC) revenue. This amount, which represents approximately 3.6% of the total N3.40 trillion distributed during the month, was detailed in data released by the National Bureau of Statistics (NBS).

The NRS received N84.69 billion, while the NUPRC received N38.85 billion. The total FAAC distribution included N2.65 trillion from the Statutory Account and N743.67 billion from Value Added Tax (VAT).

The Federal Government received N818.68 billion, with allocations for various funds, including N651.13 billion to the FGN Consolidated Revenue Fund Account. The collection fees increased by N9.78 billion, or about 8.6%, from the previous month, where the NRS received N76.28 billion and the NUPRC received N37.48 billion.

These fees cover the costs associated with revenue collection before distribution to the three tiers of government.