Nigeria's three tiers of government shared N2.55 trillion from the Federation Account Allocation Committee in June 2026, marking the year's strongest monthly disbursement so far. The federation account itself held N4.501 trillion in gross revenue during the month.
The federal government claimed N923.438 billion of the total, while state governments received N838.208 billion. Local government councils got N591.390 billion, with oil-producing states receiving an additional N197.610 billion under the 13 per cent derivation formula.
June's allocation surpassed every previous month this year. May saw N2.30 trillion distributed, April N2.25 trillion, and March N2.04 trillion, according to BusinessDay's findings.
Taiwo Oyedele, the finance minister and coordinating minister of the economy, chaired the FAAC meeting that authorised the disbursement. The N2.55 trillion comprised N1.810 trillion in statutory revenue and N740.724 billion from value added tax.
Of the statutory revenue, the federal government received N849.366 billion, state governments N430.810 billion, and local government councils N332.136 billion. Oil-producing states collected their N197.610 billion derivation share from this pool.
VAT distributions saw the federal government get N74.072 billion, state governments N407.398 billion, and local government councils N259.253 billion. The total gross VAT collections reached N799.746 billion in June.
Revenue performance jumped significantly in June compared to May. Statutory revenue totalled N3.701 trillion, up N1.049 trillion from the previous month, FAAC noted.
The committee attributed the growth to stronger inflows from companies income tax, value added tax, import duty, customs excise tariff levies, petroleum royalties, gas flared penalties, rental income and miscellaneous oil revenue. VAT collections themselves climbed from N743.668 billion in May to N799.746 billion in June, a jump of N56.078 billion.
Not all revenue streams performed equally. Collections from petroleum profit tax, hydrocarbon tax, mineral royalties and fees actually declined during the month, FAAC stated.
