The Office of the Accountant General of the Federation has published the full breakdown of Federation Account Allocation Committee payments for May 2026, showing how much revenue was shared across the federal, state and local government tiers during the month.
Key takeaways
- May 2026 FAAC allocations totaled N2.3 trillion shared between federal, state and local governments.
- Gross statutory revenue recorded for the month was N2.651 trillion.
- Revenue for May exceeded the prior month’s figure by N273.623 billion.
- The previous month’s gross statutory revenue stood at N2.378 trillion.
May 2026 FAAC sharing and revenue receipts
The Accountant General’s office said that the Federation Account Allocation Committee distributed N2.3 trillion in revenue during May 2026 across the three levels of government: the federal government, the states, and local councils.
In the same publication, the office reported that gross statutory revenue collected for May 2026 reached N2.651 trillion. This measure captures total statutory receipts before allocations are shared through the FAAC mechanism.
Month-on-month change in statutory revenue
The May figure represented an increase over the preceding month. The statement noted that N2.651 trillion was higher than the N2.378 trillion received in the month before May, implying an uplift of N273.623 billion.
The update provides the detailed disbursement information for the May 2026 FAAC cycle, including the underlying figures used to determine how revenue was apportioned across the tiers of government.
