馃嚦馃嚞NigeriaWest Africa
Nigerian federal, state, and local governments receive N2.55tn June allocation
via Punch Nigeria2 min read
The Federation Account Allocation Committee distributed N2.55tn to the Federal Government, state governments, and local government councils from June 2026 revenue. This represents a N250bn increase from the N2.3tn allocated in May, marking a 10.9 percent month-on-month rise and continuing the upward trend in federation revenue this year. The N2.55tn distributable revenue included N1.81tn in statutory revenue and N740.72bn from Value Added Tax. Total gross revenue for June was N4.5tn, with N160.74bn deducted for collection costs and N1.79tn for transfers and refunds. Statutory revenue saw a significant increase, rising to N3.7tn in June from N2.65tn in May, while gross VAT revenue also improved to N799.75bn from N743.69bn. This improved performance was attributed to stronger collections from Companies Income Tax, petroleum royalties, Value Added Tax, and import duties, despite decreases in Petroleum Profit Tax, Hydrocarbon Tax, and mineral royalties. From the N2.55tn, the Federal Government received N923.44bn, states received N838.21bn, and local government councils received N591.39bn. Additionally, oil-producing states received N197.61bn as 13 percent derivation revenue.
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