The three tiers of government have shared N3.007 trillion as July 2026 revenue. The revenue was shared at the Federation Account Allocation Committee (FAAC) meeting held, yesterday, on the sidelines of the ongoing National Council on Federation and Economic Development, NACOFED, jn Owerri, Imo State.
This month’s shared revenue was higher than the N2.551 trillion shared in the month of July 2026, where the total distributable sum comprised N1.810 trillion in statutory revenue and N740.724 billion from Value Added Tax (VAT)
According to the communiqué issued by the FAAC, this month’s figures point to a strengthening underlying revenue base with Gross statutory revenue rising to N4.359 trillion. That represents an increase of N658.087 billion, or 17.8 per cent, compared to the N3.700 trillion recorded in the previous month.
The committee attributed the rise in revenue to improved collection performance across oil and non-oil statutory sources.
Gross VAT revenue stood at N793.968 billion, a marginal decline of N5.778 billion (0.7%) from N799.746 billion in the previous month, suggesting consumption-tax receipts remain resilient month-on-month.