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NGEconomy3 days ago

FG, states, others share N2.300trn May 2026 revenue

The Federation Account Allocation Committee (FAAC) distributed N2.3 trillion to the Federal government, states, and local governments in May 2026. This amount includes N1.611 trillion in statutory revenue and N688.785 billion in VAT revenue. The total gross revenue for May 2026 was N3.395 trillion, with deductions for collection costs and transfers/refunds. The statutory revenue for May was N2.651 trillion, an increase compared to the previous month, while VAT revenue decreased slightly.

Source document: Statement by Mr Bawa Mokwa, Director Press and Public Relations in the Office of the Auditor-General of the Federation (OAGF)

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Vanguard NigeriaIndependentCenter3 days ago
FG, states, others share N2.300trn May 2026 revenue

The Federation Account Allocation Committee (FAAC) distributed N2.3 trillion to the Federal government, states, and local governments in May 2026. This amount includes N1.611 trillion in statutory revenue and N688.785 billion in VAT revenue. The total gross revenue for May 2026 was N3.395 trillion, with deductions for collection costs and transfers/refunds. The statutory revenue for May was N2.651 trillion, an increase compared to the previous month, while VAT revenue decreased slightly.

Bias read (Center): The article presents factual financial data without apparent ideological framing, word-choice, or emphasis that would indicate a political lean. It reports on revenue distribution figures and does not take a stance or provide commentary that could suggest bias.

Official sources cited

  • government Statement by Mr Bawa Mokwa, Director Press and Public Relations in the Office of the Auditor-General of the Federation (OAGF)

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  • governmentStatement by Mr Bawa Mokwa, Director Press and Public Relations in the Office of the Auditor-General of the Federation (OAGF)