The Federation Account Allocation Committee shared N6.58tn among the Federal Government, states and local government councils in May and June 2026, the National Bureau of Statistics has said.
The NBS disclosed this in its latest FAAC disbursement reports covering revenue generated in April and May.
According to the reports, FAAC distributed N3.18tn in May and N3.40tn in June.
The June allocation represented an increase of N210.68bn, or 6.6 per cent, compared with the previous month.
The Federal Government received N1.61tn during the two-month period.
Its allocation comprised N787.35bn in May and N818.68bn in June.
The 36 states and the Federal Capital Territory received N1.53tn combined.
The states received N772.36bn in May and N759.14bn in June.
Similarly, the 774 local government councils received N1.07tn during the period.
The councils received N540.15bn in May and N534.28bn in June.
The NBS report showed that N4.78tn of the total allocation came from the Statutory Account, while N1.55tn was generated from Value Added Tax.
An additional N250bn was provided through a non-oil revenue augmentation in May.
However, no such augmentation was recorded in June.
The 13 per cent derivation fund also accounted for N345.38bn shared among oil-producing states during the two months.
The states received N157.25bn in May and N188.13bn in June.
Revenue-generating agencies also received N237.3bn as the cost of revenue collection.
The Nigeria Revenue Service received N160.97bn, while the Nigerian Upstream Petroleum Regulatory Commission received N76.33bn.
The NBS further reported several deductions from the Federation Account during the period.
They included N518.98bn deducted for the Infrastructure Development Fund to states and N44.65bn allocated to the North-East Development Commission.
Another N36.16bn was deducted for 13 per cent refunds on subsidy and priority projects.
The Nigeria Sovereign Investment Authority received N100bn, with N50bn transferred in each of the two months.
The Meter Distribution and General Infrastructure Fund received N18.97bn.
The report also showed N250bn was deducted for the National Security Emergency Fund and Military Intervention Fund.
In addition, N100bn was recorded as tax refund to the NRS, while N200bn was deducted to the Non-Oil Excess Revenue Account in May.
The NBS said the FAAC data was provided statutorily by the Office of the Accountant-General of the Federation and reported monthly by the bureau.
A month-on-month breakdown showed that statutory revenue increased significantly between May and June.
Statutory disbursement rose from N2.13tn in May to N2.65tn in June, representing an increase of N520bn, or 24.4 per cent.
VAT allocation, however, fell from N806.62bn to N743.67bn during the same period.
The decline represented N62.95bn, or 7.8 per cent.
The NBS said the May allocation included the N250bn non-oil revenue augmentation, which was shared among the three tiers of government.
The Federal Government received N131.70bn from the augmentation, while states received N66.80bn and local governments N51.50bn.
The bureau said no equivalent augmentation was recorded in June.
It noted that the increase in the June FAAC disbursement was therefore driven entirely by higher statutory revenue.
