The Federal Government, 36 state governments and 774 local government councils shared a total of N15.997 trillion, or approximately N16 trillion, in revenue from the Federation Account between January and July 2026.
The figure rose to N15.997 trillion following the latest disbursement of N3.007 trillion for July, the highest monthly allocation recorded so far this year.
The Federation Account Allocation Committee, FAAC, approved the July allocation at its meeting held in Owerri, Imo State, according to a statement issued on Tuesday by the spokesperson for the Office of the Accountant-General of the Federation, Bawa Mokwa.
FAAC distributed N1.96 trillion in January, N1.89 trillion in February, N2.04 trillion in March, N2.25 trillion in April, N2.30 trillion in May and N2.55 trillion in June.
The total amount shared in the first six months of the year stood at N12.99 trillion.
With the addition of the N3.007 trillion allocated in July, total FAAC disbursements between
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