June 18, 2026
By Emma Ujah, Abuja Bureau Chief
The Federation Account Allocation Committee (FAAC) has shared a total of N2.300 trillion among the federal, state and local governments as revenue allocation for May 2026.
The total distributable revenue of N2.300 trillion comprised N1.611 trillion from Statutory Revenue and N688.785 billion from Value Added Tax (VAT), according to the Ministry of Finance, in a statement by the Head, Information and Public Relations, Efe Ovuakporie, Thursday.
The Federal Government received N818.680 billion, while State Governments received N759.141 billion. Local Government Councils were allocated N534.277 billion, while the oil-producing states received extra N188.132 billion as 13 per cent derivation revenue.
