FG, States, LGs Share N2.338 Trillion for August 2026
A total sum of N2.338 trillion, being August 2026 Federation Account Revenue, has been shared to the Federal Government, States and Local Government Councils.
The revenue was shared at the September 2026 Federation Account Allocation Committee (FAAC) meeting held in Abuja.
The N2.338 trillion total distributable revenue comprised statutory revenue of N1.565 trillion and Value Added Tax (VAT) revenue of N773.233 billion.
A communiqué issued by FAAC indicated that total gross revenue of N3.685 trillion was available in the month of August 2026. Total deduction for cost of collection was N125.142 billion, while total transfers, refunds and savings stood at N1.221 trillion.
According to the communiqué, gross statutory revenue of N2.850 trillion was received for the month of August 2026. This was lower than the N4.359 trillion received in the preceding month by N1.508 trillion.
Gross revenue of N834.843 billion was available from Value Added Tax (VAT) in August 2026. This was higher than the N793.968 billion available in July 2026 by N40.875 billion.
The communiqué stated that from the N2.338 trillion total distributable revenue, the Federal Government received N804.897 billion, the State Governments received N794.313 billion and the Local Government Councils received N555.142 billion, while N184.388 billion (13 per cent of mineral revenue) was shared to the benefiting states as derivation revenue.
On the N1.565 trillion distributable statutory revenue, the Federal Government received N727.573 billion, the State Governments received N369.035 billion and the Local Government Councils received N284.511 billion, while N184.388 billion was shared as derivation.
From the N773.233 billion distributable VAT revenue, the Federal Government received N77.323 billion, the State Governments received N425.278 billion and the Local Government Councils received N270.632 billion.
In August 2026, Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT), Value Added Tax (VTA), CET Levies and Excise Duty increased significantly while Companies income Tax (CIT), CGT, SDT, Petroleum Royalties, Mineral Royalties, and Gas Flared Penalty Import Duty, , Rental Gas Flared Fee and Misc oil Revenue decreased considerably.
