ABUJA, Nigeria (Oct. 15) — The federal government, states and local governments shared N2.428 trillion as federation revenue for September 2026.

The Federation Account Allocation Committee shared the money at its October meeting in Abuja.

FAAC said the N2.428 trillion includes statutory revenue of N1.672 trillion and Value Added Tax revenue of N756.58 billion.

Total gross revenue for September was N3.913 trillion, FAAC said in a communique. Deductions for cost of collection were N131.75 billion, while transfers, refunds and savings were N1.352 trillion.

Gross statutory revenue was N3.096 trillion in September, up by N246.38 billion from N2.85 trillion in August.

VAT revenue was N816.87 billion in September, down by N17.97 billion from N834.84 billion in August.

‎From the N2.428 trillion shared, the federal government got N832.24 billion, states got N799.87 billion and local governments got N560.66 billion. The sum of N236.04 billion was shared to oil-producing states as 13% derivation.

From statutory revenue of N1.672 trillion, the federal government got N756.58 billion, states got N383.74 billion, local governments got N295.85 billion and derivation was N236.04 billion.

From VAT revenue of N756.58 billion, the federal government got N75.65 billion, states got N416.12 billion and local governments got N264.8 billion.

‎FAAC said Petroleum Profit Tax, Hydrocarbon Tax, royalties, import duty and excise duty rose in September. Companies Income Tax, Value Added Tax, mineral royalties and gas flared penalties fell.

‎The statement was signed by Bawa Mokwa, Director of Press and Public Relations, Office of the Accountant General of the Federation.