FG receives N75.659 billion from VAT revenue in September

…as FG, States, LG share N2.428 trillion total revenue

The Federal Government earned a total of N75.659 billion from Value Added Tax (VAT) out of the N756.587 billion total distributable VAT revenue for September 2026.

This was disclosed in a press release issued by the Office of the Accountant General of the Federation following the Federation Account Allocation Committee meeting held in Abuja.

Across all revenue streams, a total sum of N2.428 trillion from the September 2026 Federation Account revenue was shared among the Federal Government, State Governments, and Local Government Councils.

The total distributable revenue comprised a statutory revenue of N1.672 trillion and a distributable VAT revenue of N756.587 billion.

From the specific distributable VAT pool of N756.587 billion, the disbursement breakdown shared across the three tiers of government showed that the Federal Government received N75.659 billion, the State Governments received N416.123 billion, and the Local Government Councils received N264.805 billion.

Overall, the gross revenue available specifically from VAT in September 2026 stood at N816.872 billion, marking a decrease of N17.972 billion compared to the N834.843 billion recorded in August 2026.