Local Government Chairmen in Nigeria received ₦534.277 billion in May 2026 as their share of the distributable revenue from the Federation Account.
Thefrontrank reports that this was from a total revenue of ₦2.3 trillion shared among the three tiers of government.
The 774 Local Government Areas are currently opening dedicated accounts with the Central Bank of Nigeria (CBN) to receive their monthly allocations directly, in compliance with the Supreme Court’s landmark July 2024 judgment enforcing local government financial autonomy.
The total distributable revenue shared included statutory revenue, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL), and exchange rate differences.
The Federation Account Allocation Committee(FAAC) had shared a total sum of N2.3 trillion to the Federal, States and the Local Governments for the month of May, 2026.
Bawa Mokwa, Director of Press and Public Relations in the Office of the Auditor-General of the Federation (OAGF), in a statement on Wednesday, said the revenue was shared at the June 2026 FAAC meeting held in Abuja.
He explained that the N2.3 trillion total distributable revenue comprised distributable statutory revenue of N1.611 trillion , and distributable Value Added Tax (VAT) revenue of N688.785 billion.
Mokwa said that FAAC indicated that the total gross revenue of N3.395 trillion was available in the month of May 2026.
He further explained that a total deduction for cost of collection was N123.546 billion, while total transfers and refunds were N971.610 billion.
According to him, gross statutory revenue of N2.651 trillion was received for the month of May 2026.
“This was higher than the sum of N2.378 trillion received in the preceding month by N273.623 billion.
“Gross revenue of N743.668 billion was available from the Value Added Tax (VAT) in May 2026.
“This was lower than the N806.617 billion available in the month of April 2026 by N62.949 billion”.
He stated that from the N2.3 trillion total distributable revenue, the Federal Government received a total sum of N818.680 billion and the State Governments received a total sum of N759.141 billion.
“The Local government Council received N534.277 billion, while the sum of N188.132 billion (13 per cent of mineral revenue) was shared among the benefiting states as derivation revenue.
“On the N1.611 trillion distributable statutory revenue, the communiqué stated that the Federal Government received N749.801 billion and the state governments received N380.309 billion.
“The Local Government received N293.202 billion, and the sum of N188.132 billion (13 per cent of mineral revenue) was shared among the benefiting states as derivation revenue,” he said.
