Nigeria allocates ₦2.55 trillion June revenue to all tiers

The Federal Government, state governments, and local government councils in Nigeria have shared a total of 2.550 trillion naira from the national revenue collected in June 2026. The allocation was approved and distributed at the July meeting of the Federation Account Allocation Committee, which was held in Abuja. The figures were disclosed in a statement issued on Wednesday, July 15, 2026, by the Office of the Accountant-General of the Federation.

The total distributable revenue of 2.550 trillion naira represents a significant increase from the previous month. It comprises 1.809 trillion naira from statutory revenue sources and 740.724 billion naira from Value Added Tax. This month's distribution is approximately 250 billion naira higher than the 2.3 trillion naira shared from May 2026 revenue, continuing a trend of rising monthly allocations this year.

According to a communiqué from the committee, the federation account generated a gross revenue of 4.500 trillion naira in June. From this total, 160.744 billion naira was deducted for cost of collection, and another 1.789 trillion naira was allocated for transfers and refunds, leaving the 2.550 trillion naira pool for distribution.