Federal, state and local governments received a combined ₦2.428 trillion from the Federation Account Allocation Committee for September 2026, an increase of ₦90 billion over the ₦2.338 trillion distributed for August.
The allocation was announced after FAAC’s October meeting in Abuja, according to a statement by Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant-General of the Federation. Gross federation revenue for September was put at ₦3.913 trillion.
Of the distributable amount, the Federal Government received ₦832.242 billion, states ₦799.872 billion and local government councils ₦560.660 billion. Oil-producing states received ₦236.049 billion as 13 per cent derivation revenue.
The pool consisted of ₦1.672 trillion in distributable statutory revenue and ₦756.587 billion from value-added tax. Gross statutory collections rose to ₦3.096 trillion from ₦2.850 trillion in August, while gross VAT receipts eased to ₦816.872 billion from ₦834.843 billion. Collection costs amounted to ₦131.758 billion, with transfers, refunds and savings accounting for ₦1.352 trillion.
The revenue announcement coincided with National Bureau of Statistics figures showing annual headline inflation falling to 14.63 per cent in September from 15.39 per cent in August. Monthly headline inflation slowed to 0.06 per cent from 0.71 per cent, suggesting a much smaller overall price increase during September.
Food inflation stood at 19.59 per cent year on year, while the monthly food index fell by 1.55 per cent. The bureau associated the moderation with changes in prices of staples and fresh produce, including maize flour, rice, onions, tomatoes, palm oil and plantain.
The improvement was uneven. Monthly core inflation increased to 1.11 per cent from minus 0.06 per cent, and monthly urban inflation rose to 0.53 per cent. Rural monthly inflation, by contrast, was minus 0.89 per cent.
Imo had the highest annual headline inflation rate at 30.04 per cent, followed by Enugu at 22.38 per cent and Niger at 22.05 per cent. Taraba, Bauchi and Adamawa recorded the lowest annual rates at 1.78, 2.84 and 3.66 per cent respectively.
The two reports present a mixed economic picture: governments are sharing more federation revenue, and overall inflation is slowing, but households in high-inflation states continue to face markedly different price pressures. A lower inflation rate means prices are rising more slowly; it does not, by itself, mean the general price level has returned to earlier levels.
