The Federation Account Allocation Committee (FAAC) shares roughly N2.43 trillion among Nigeria’s Federal Government, state governments and local government councils for September 2026 revenues. The allocation rises by about N90 billion to N2.43 trillion for the October 2026 disbursement, according to reports citing the FAAC outcome and revenue movement.
Outlets attribute the increase to a rebound in oil revenue alongside contributions from taxes and Value Added Tax (VAT) proceeds. Vanguard and Daily Post specify that the payment relates to Federation Account revenue and VAT receipts for September 2026, with FAAC issuing a communiqué after its meeting. The Punch similarly links the higher figure to improved oil and tax collections, framing the update as part of monthly allocation adjustments to the three tiers of government.
