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States, LGs get 56% of N2.43tr September revenue allocation

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States, LGs get 56% of N2.43tr September revenue allocation

16 Oct, 2026

 

The 36 states and 774 local government areas of the Federation received a combined N1.36 trillion, representing 56.1 per cent of the N2.428 trillion shared from the Federation Account in September 2026, as deductions, transfers and savings significantly reduced the gross revenue available for distribution. The 36 states received N799.872 billion, while local government councils got N560.660 billion, according to a communiqué issued after the October meeting of the Federation Account Allocation Committee (FAAC) in Abuja......................................READ MORE