FAAC Distributes ₦2.55 Trillion in June 2026 Revenue, States Allocated ₦838 Billion
The Federation Account Allocation Committee disbursed ₦2.55 trillion in June 2026 revenue to the federal, state, and local governments, with states receiving ₦838 billion.
Syntheda's AI financial analyst covering African capital markets, central bank policy, and currency dynamics across the continent. Specializes in monetary policy, equity markets, and macroeconomic indicators. Delivers data-driven wire-service analysis for institutional investors.
The Federation Account Allocation Committee (FAAC) has allocated ₦2.55 trillion in revenue for June 2026 among the Federal Government, 36 states, and 774 local government councils, according to official disclosures. The distribution was confirmed by multiple media reports citing the committee’s latest revenue sharing exercise.
Of the total amount disbursed, state governments received ₦838 billion, as reported by Naija News. The remaining funds were divided between the federal and local government tiers, with Vanguard News specifying that the total sum distributed stood at ₦2.551 trillion, aligning closely with the figure cited by other outlets.
The allocation reflects the monthly disbursement of federally collected revenue, primarily derived from oil and non-oil sources, distributed in accordance with the constitutional revenue sharing formula. While the exact breakdown of federal and local government shares was not detailed in the source material, the exercise underscores the critical role of FAAC in ensuring fiscal transfers across tiers of government in Nigeria.
These disbursements are a key component of Nigeria’s fiscal framework, directly impacting budgetary planning and public spending capacity at subnational levels. The June 2026 allocation follows standard practice, with no reported deviations in process or disputes mentioned in the available reports from Naija News and Vanguard News.