The Federal Government, state governments and local government councils have shared ₦2.428 trillion as revenue generated into the Federation Account for September 2026.
The allocation was announced after the Federation Account Allocation Committee meeting held in Abuja, according to a statement from the Office of the Accountant-General of the Federation.
The distributable revenue comprised ₦1.672 trillion from statutory revenue and ₦756.587 billion from Value Added Tax.
The Federation Account recorded gross revenue of ₦3.913 trillion during the month, out of which ₦131.758 billion was deducted as the cost of collection, while ₦1.352 trillion went to transfers, refunds and savings.
Of the total amount shared, the Federal Government received ₦832.242 billion, state governments got ₦799.872 billion, while local government councils received ₦560.660 billion. Benefiting states also received ₦236.049 billion as 13 per cent derivation revenue from mineral resources.
A breakdown shows that statutory revenue accounted for ₦1.672 trillion, while VAT contributed ₦756.587 billion to the distributable pool.
The committee reported an increase in gross statutory revenue to ₦3.096 trillion in September from ₦2.850 trillion in August. However, gross VAT revenue declined to ₦816.872 billion from ₦834.843 billion in the preceding month.
It also recorded increases in collections from Petroleum Profit Tax, Hydrocarbon Tax, petroleum royalties, import duty, excise duty and CET levies, while revenue from Companies Income Tax, capital gains and stamp duties, VAT and some oil and gas sources declined.
