September 2026 Revenue: FAAC Shares ₦2.4trn To FG, States, LGs
The Federation Account Allocation Committee (FAAC) has shared a total Sum of N2.428 trillion among the Federal Government, state governments and local government councils.
In a statement released on Thursday, the spokesperson for the Office of the Accountant-General of the Federation, Bawa Mokwa said the revenue was shared at the October 2026 Federation Account Allocation Committee, FAAC, meeting held in Abuja.
The N2.428 trillion total distributable revenue comprised N1.672 trillion in distributable statutory revenue and N756.587 billion in distributable Value Added Tax (VAT) revenue.
The statement indicated that total gross revenue of N3.913 trillion was available in September 2026. Total deductions for the cost of collection amounted to N131.758 billion, while transfers, refund...