FG, States, LGs Share N2.428tn FAAC Allocation For September

The Federation Account Allocation Committee (FAAC) shared N2.428 trillion to the three tiers of government as federation allocation for the month of September 2026 from a gross total of N3.913 trillion.

Key Highlights

FAAC shares N2.428 trillion to FG, states and LGs for September 2026 from gross revenue of N3.913 trillion.

FG gets N832.242 billion, states N799.872 billion and LGs N560.660 billion.

Oil-producing states receive N236.049 billion as 13 percent derivation revenue.

Gross VAT falls to N816.872 billion from N834.843 billion in August.

Gross statutory revenue rises by N246.384 billion to N3,096.636 billion.

This is the outcome of the October 2026 meeting of the FAAC chaired by the Accountant General of the Federation , Shamsudeen Ogunjimi.

From the N3.913 trillion revenue, inclusive of gross statutory revenue and Value Added Tax (VAT), the federal government received N832.242 billion, the states received N799.872 billion, the local government councils got N560.660 billion, while the oil producing states received N236.049 billion as 13 percent derivation revenue.

Also, the sum of N131.758 billion was given for the cost of collection, while N1,352.927 billion was allocated for transfers, refunds and savings.

VAT Revenue Declines

A communique issued by the Federation Account Allocation Committee at the end of the meeting, indicated that the gross revenue available from the Value Added Tax (VAT) for the month of September 2026, was N816.872 billion as against N834.843 billion distributed in the preceding month, resulting in a decrease of N17.972 billion.

From the stated amount, N23.576 billion was allocated for the cost of collection and N36.709 billion given for transfers, refunds and savings.

The remaining sum of N756.587 billion was distributed to the three tiers of government, of which the federal government got N75.659 billion, the states received N416.123 billion and local governments got N264.805 billion.

Statutory Revenue Rises

The communique added that the gross statutory revenue of N3,096.636 billion received for the month was higher than the N2,850.253 billion received in the previous month by N246.384 billion.

From the stated amount, N106.182 billion was allocated for the cost of collection and N1,316.218 billion for transfers, refunds and savings.

The remaining balance of N1,672.236 billion was distributed as follows to the three tiers of government: federal government got N756.583 billion, states received N383.749 billion, N295.855 billion was allocated to the local governments and N236.049 billion was given as 13 percent derivation revenue to mineral producing states.

Read also:

FAAC Shares N2.338tn To FG, States, LGs In August

June FAAC Allocation Rises to ₦2.55tn as FG, States, LGs Receive ₦250bn Increase

Nigeria’s VAT Distribution: South-West Contributes Most, South-East Gets Highest Return Under FAAC Formula

Meanwhile, the committee said petroleum profit tax, hydrocarbon tax, petroleum royalties, import duty, CET levies and excise duty increased significantly, while companies income tax and SDT, Value Added Tax (VAT), mineral royalties, gas flared penalty, rental, gas flared fees and miscellaneous oil revenue decreased considerably.

The distributable statutory revenue for the month is N1,672.236 billion and VAT is N756.587 billion bringing the total to N2,428.823 billion.

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