The Federation Account Allocation Committee (FAAC) distributed about N17.07 trillion to the three tiers of government and other statutory beneficiaries in the first half of 2026. This information was based on an analysis of monthly FAAC disbursement statements published by the Office of the Accountant General of the Federation (OAGF). The total gross allocations rose from N2.59 trillion in January to N3.40 trillion in June.
The FAAC disbursement statements showed that in January, FAAC distributed N2.59 trillion from December 2025 revenues. The federal government received N653.50 billion, states N706.47 billion and local governments N513.27 billion. A further N402.60 billion was transferred to the non-oil excess account. This allocation marked the beginning of the six-month period, which saw fluctuations in revenue distribution.
In February, the distribution increased to N3.04 trillion, supported by a N100 billion non-oil augmentation. The federal government received N577.91 billion, states N794.01 billion and local governments N537.88 billion, while N850.56 billion was transferred to the non-oil excess account. This increase was a result of additional revenue sources being factored into the allocation.
March recorded total distributions of N2.23 trillion, comprising N675.09 billion for the federal government, N651.53 billion for states and N456.47 billion for local governments. This marked a decline in total distributions compared to the previous month. The reduction could be attributed to various factors, including changes in revenue inflows.
In April, total distributions rose to N2.63 trillion, following a N200 billion non-oil augmentation and N68.10 billion from solid minerals revenue. The federal government received N820.37 billion, states N673.43 billion and local governments N481.03 billion. The increase in revenue was a positive development for the three tiers of government.
The May allocation climbed to N3.185 trillion, supported by a N250 billion augmentation. Of this, the federal government received N787.35 billion, states N772.36 billion and local governments N540.15 billion. June recorded the highest monthly distribution during the six-month period, with gross allocations reaching N3.395 trillion. The federal government received N818.68 billion, states N759.14 billion and local governments N534.28 billion.
Beyond the regular allocations, the May and June statements showed significant transfers to special funds. N518 billion was allocated to sub-national governments for infrastructure development in May and June. Additionally, N750 billion was channelled through the federation account into two separate security-related funds during the period. The funds were for a Military Intervention Fund and a National Security Emergency Fund.
Key points
- The Federation Account Allocation Committee distributed N17.07 trillion to the three tiers of government and other statutory beneficiaries in the first half of 2026.
- Sub-national governments received N518 billion in special infrastructure funding in May and June.
- N750 billion was channelled into two separate security-related funds during the six-month period.
