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The Federal Government received N6.53tn, states got N6.21tn and local governments received N4.38tn.
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August recorded the highest monthly allocation of N2.76tn, while March had the lowest at N1.78tn.
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Combined allocations rose from N2.10tn in May to N2.76tn in August.
November 13, (THEWILL) – The Federal Government, state governments and local government councils received a combined N17.12tn from the Federation Account between January and August 2026, with the Federal Government accounting for the largest share of N6.53tn.
State governments received N6.21tn, while local government councils got N4.38tn during the eight-month period.
This is according to an analysis of monthly Federation Account Allocation Committee reports released by the Office of the Accountant-General of the Federation between January and August 2026.
The disbursements covered revenue generated between December 2025 and July 2026, with each monthly allocation reflecting collections from the preceding month.
How FAAC allocations were shared
The Federal Government accounted for 38.2 percent of the total amount distributed, while states received 36.2 percent and local government councils accounted for 25.6 percent.
August recorded the highest combined allocation at N2.76tn, covering July revenue. The Federal Government received N1.15tn, states got N943.35bn, while local governments received N673.65bn.
July ranked second, with N2.60tn shared from June revenue. The Federal Government received N1.06tn, states got N905.01bn and local governments received N642.89bn.
March recorded the lowest disbursement at N1.78tn, covering February revenue. The Federal Government received N675.09bn, states got N651.53bn, while local governments received N456.47bn.
Allocations increased more sharply from May, when the three tiers shared N2.10tn. This rose slightly to N2.11tn in June, before climbing to N2.60tn in July and N2.76tn in August.
The Federal Government’s monthly receipts also crossed N1tn in July for the first time during the period, rising further in August.
Delta replaces Lagos as largest FAAC recipient
At the state level, Delta emerged as the largest recipient of FAAC allocations in Q2 2026, replacing Lagos.
The 36 states received a combined N2.39tn in the second quarter, an increase of N259.41bn, or 12.2 percent, from N2.13tn in Q1.
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Delta’s allocation rose by N44.59bn, or 31.1 percent, from N143.42bn to N188.01bn. It received N53.77bn in April, N67.81bn in May and N66.44bn in June.
Rivers recorded a larger absolute increase of N48.07bn, or 38.8 percent, as its allocation climbed from N123.96bn to N172.03bn.
Lagos nevertheless remained the largest recipient of VAT revenue, receiving N150.56bn in Q2. Rivers followed with N75.81bn, while Oyo received N44.29bn.
Oil revenue remains important
The allocations come amid Nigeria’s continued reliance on oil-related earnings to finance government expenditure.
Nigeria generated $31.54bn from crude oil exports in 2025, down 14.41 percent from $36.85bn in 2024, according to Central Bank of Nigeria data.
Crude oil also accounted for approximately 74 percent of NNPC Limited’s N34.52tn revenue in 2025.
Meanwhile, Nigeria’s oil revenue fell N7.88tn below its budget target in Q3 2025, highlighting the vulnerability of public finances to changes in production and international crude prices.
The Federal Government has also cited subsidy removal as a source of fiscal savings. Nigeria Revenue Service Chairman, Zacch Adedeji, previously estimated that retaining the petrol subsidy would have cost the country about N52tn in 2026, equivalent to 76 per cent of the N68tn budget.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.