ABUJA, Nigeria – The Federal Government, 36 state governments and 774 local government councils shared a total of N15.997 trillion from the Federation Account between January and July 2026.
The latest figure followed the disbursement of N3.007 trillion in July, the highest monthly allocation recorded so far this year.
The Federation Account Allocation Committee (FAAC) approved the July allocation at its meeting in Owerri, Imo State.
FAAC had distributed N1.96 trillion in January, N1.89 trillion in February, N2.04 trillion in March, N2.25 trillion in April, N2.30 trillion in May and N2.55 trillion in June, bringing the six-month total to N12.99 trillion.
With July’s allocation, total disbursements for the first seven months of the year rose to N15.997 trillion.
The July allocation represented a N457 billion, or 17.9 per cent, increase from the N2.55 trillion shared in June.
Meanwhile, gross statutory revenue increased to N4.359 trillion in July from N3.70 trillion in June, while gross VAT revenue slightly declined from N799.746 billion to N793.968 billion.
The figures indicate that FAAC allocations averaged about N2.285 trillion monthly between January and July, with July recording the highest distribution.
reports that the increased revenue distribution comes amid ongoing economic reforms and efforts by the three tiers of government to boost internally generated revenue and manage rising fiscal demands.
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