Nigeria shares N2.428 trillion of September revenue, with N236.049 billion going to oil-producing states as 13 per cent derivation

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Nigeria shares N2.428 trillion of September revenue, with N236.049 billion going to oil-producing states as 13 per cent derivation

15 October 2026

The Federation Account Allocation Committee shared N2.428 Trillion to the Federal Government, the states and the local government councils from a gross total of N3.913 Trillion for the month of September 2026, according to the communique issued at the end of its meeting and signed on 15 October 2026 by Francis Kusa for Information and Public Relations. The Federal Government received N832.242 Billion, the states N799.872 Billion and the local government councils N560.660 Billion, while N236.049 Billion went to the oil-producing states as 13 per cent derivation revenue. Gross Value Added Tax revenue for the month was N816.872 Billion, against N834.843 Billion distributed in the preceding month. Gross statutory revenue was put at N3.096 trillion, up from N2.850 trillion in the preceding month, and the cost of collection at N131.758 Billion. The meeting was chaired by the Accountant General of the Federation, Shamsudeen B. Ogunjimi.

Total distributed: N2.428 Trillion Gross total for September 2026: N3.913 Trillion Federal Government share: N832.242 Billion States share: N799.872 Billion Local government councils share: N560.660 Billion 13 per cent derivation: N236.049 Billion

Why it matters for exams: The 13 per cent derivation principle for oil-producing states is a standard comparison with India's devolution arrangements, and the monthly FAAC figure is the number examiners quote.

UPSCBank

15 October 2026 Source: Federal Ministry of Information and National Orientation

In plain words

FAAC Federation Account Allocation Committee — The Nigerian committee that meets monthly to share revenue in the Federation Account among the three tiers of government.

Derivation 13 per cent derivation revenue — A constitutional share of mineral revenue paid to the Nigerian states from which the mineral was produced.