Federal, State, and LGs Share ₦2.55tr as June 2026 Revenue Soars
By Patience Ikpeme
The three tiers of government—the Federal Government, the 36 State Governments, and the 774 Local Government Councils—have distributed a total of ₦2.550 trillion as the federation revenue for the month of June 2026.
This latest sharing represents a significant boost for the country’s public coffers. The amount is 10.9 percent higher than the ₦2.3 trillion shared in the preceding month of May. This means an extra ₦250 billion came into the national purse to help the various levels of government pay salaries, fund projects, and provide public services.
According to the government, this financial boost was made possible because of a major rise in key revenue sources. Taxes like Companies Income Tax, Capital Gains Tax, and Stamp Duty saw huge increases. The country also made more money from petroleum royalties, gas flaring penalties, rental and operating revenues, Value Added Tax (VAT), and import duties.
Mr. Bawa Mokwa, the Director of Press and Public Relations at the Office of the Accountant General of the Federation, confirmed the development. In an official statement, he said “the revenue was shared at the July 2026 Federation Account Allocation Committee (FAAC) meeting held in Abuja.”
Giving a quick breakdown of where the money came from, Mr. Mokwa disclosed that “The N2.550 trillion total distributable revenue comprised distributable statutory revenue of N1.809 trillion , distributable Value Added Tax (VAT) revenue of N740.724 billion.”
A official communiqué released by the FAAC details how the money was generated and spent before sharing. It showed that the total gross money that came in for the month of June was ₦4.500 trillion. However, the government deducted ₦160.744 billion to pay for the cost of collecting these revenues, while another ₦1.789 trillion went into official transfers, savings, and refunds, leaving the net balance to be shared.
A major driver of this success was the gross statutory revenue—which is the money the country makes from its main natural resources and regular corporate taxes. This stood at ₦3.700 trillion for June, which is a massive increase of ₦1.049 trillion compared to the ₦2.651 trillion recorded in May.
At the same time, the gross money generated from VAT, which is the tax paid when people buy goods and services, grew to ₦799.746 billion in June. This is ₦56.078 billion higher than the ₦743.688 billion collected in May.
When it came to sharing the final ₦2.550 trillion, the Federal Government took home the largest portion, receiving a total of ₦923.438 billion. The 36 State Governments received a combined sum of ₦838.208 billion, while the Local Government Councils got ₦591.390 billion. Additionally, mineral-producing states received an extra ₦197.610 billion as their 13 percent derivation revenue, which is a special fund set aside to support states where natural resources are extracted.
Looking closely at the ₦1.809 trillion statutory revenue pool, the Federal Government received ₦849.366 billion, while the State Governments got ₦430.810 billion. The Local Government Councils received ₦332.136 billion from this pool, with the remaining ₦197.610 billion going to the oil and mineral-producing states as their derivation share.
For the ₦740.724 billion distributed from VAT, the Federal Government received ₦74.072 billion. The State Governments got the lion’s share of this consumption tax, receiving ₦407.398 billion, while the Local Government Councils received ₦259.253 billion to help run local communities.
While the month of June was generally very profitable for the country, some sectors did not perform as well as others. The FAAC communiqué noted that while corporate taxes, import duties, and gas revenues went up significantly, money from Petroleum Profit Tax, Hydrocarbon Tax, and mineral royalties dropped considerably.
Meanwhile, excise duties, which are taxes on locally manufactured goods, saw only a very small increase.
