FG, States, LGs Share N2.338trn August 2026 Federation Revenue

Oru Leonard

The Federal Government, states and Local Government Councils (LGCs) have shared a total of N2.338 trillion as Federation Account revenue for August 2026.

The revenue was shared at the September 2026 meeting of the Federation Account Allocation Committee (FAAC), held in Abuja.

According to a communiqué issued after the meeting, the N2.338 trillion distributable revenue comprised N1.565 trillion in statutory revenue and N773.233 billion from Value Added Tax (VAT).

The communiqué said a total gross revenue of N3.685 trillion was available for the month under review. Of this amount, N125.142 billion was deducted as the cost of collection, while N1.221 trillion was allocated to transfers, refunds and savings.

It further disclosed that gross statutory revenue stood at N2.850 trillion in August, representing a decline of N1.508 trillion from the N4.359 trillion recorded in July 2026.

In contrast, gross VAT revenue increased to N834.843 billion in August from N793.968 billion in July, representing an increase of N40.875 billion.

How the N2.338trn was shared
From the total distributable revenue of N2.338 trillion, the Federal Government received N804.897 billion, while the 36 state governments received N794.313 billion.

The 774 Local Government Councils received N555.142 billion, while N184.388 billion, representing 13 per cent derivation revenue from mineral resources, was shared among the benefiting states.

For the N1.565 trillion distributable statutory revenue, the Federal Government received N727.573 billion, states received N369.035 billion, and Local Government Councils received N284.511 billion.

The benefiting states also received N184.388 billion as the 13 per cent derivation share from mineral revenue.

From the N773.233 billion distributable VAT revenue, the Federal Government received N77.323 billion, states received N425.278 billion, while Local Government Councils received N270.632 billion.

Revenue performance
The FAAC communiqué attributed movements in revenue during August to changes in proceeds from various revenue streams.

It said Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT), Value Added Tax, Customs and Excise duties recorded significant increases during the month.

However, Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duty Tax (SDT), petroleum royalties, mineral royalties, gas-flaring penalties, import duties, rental gas-flaring fees and miscellaneous oil revenue recorded considerable declines.

The allocation figures were released by the Office of the Accountant-General of the Federation on Thursday, September 17, 2026.