By Emma Ujah, Abuja Bureau Chief
The Federation Account Allocation Committee (FAAC) has shared a total of ₦2.551 trillion among the Federal Government, the 36 States and the 774 Local Government Councils as Federation Account revenue for June 2026.
The sharing of the revenue was the highpoint of the FAAC meeting chaired by the Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele on Wednesday.
The meeting, held in Abuja, was attended by the Accountant General of the Federation, State Commissioners of Finance and other members of the Committee, according to the statement by the Head of Information and Public Relations Unit of the Federal Ministry of Finance, Efe Ovuakporie, last night.
The amount distributed comprised ₦1.810 trillion in Statutory Revenue and ₦740.724 billion from Value Added Tax (VAT).
