The Federal Government, state governments and local government councils received a total of N1.89 trillion from the Federation Accounts Allocation Committee (FAAC) for February 2026, Punch Newspaper reports.

The allocation figures were released during the FAAC meeting in Abuja.

The Federation Accounts Allocation Committee is responsible for distributing revenue from the Federation Account among the three tiers of government in Nigeria.

The account comprises revenue from oil and non‑oil sources, and allocations are made monthly. Funds are shared according to formulas established by law.

The breakdown of revenue distribution to the Federal Government, state governments and local councils is derived from the total revenue collected in the preceding period.

The FAAC approved a total distributable revenue of N1.89 trillion for February 2026.

Of this amount:

• Oil revenue accounted for N1.07 trillion.

• Non‑oil revenue contributed N627.95 billion.

• Value Added Tax (VAT) generated N190.10 billion, according to the figures released.

The sum distributed to the three tiers of government included statutory allocation and derivation components, as well as allocations for the Almajiri Education Programme, Ecological Fund, and Others.

Under the distribution:

• The Federal Government received N627.95 billion.

• State governments received N414.91 billion.

• Local government councils received N308.45 billion, as reported.

The Excess Crude Account (ECA) contribution to the distributable revenue stood at N13.92 billion, included in the total shared amount.

FAAC also distributed funds to designated programmes, including:

• Ecological Fund: N10.19 billion.

• Almajiri Education Programme: N20.99 billion.

These funds are part of statutory deductions made prior to sharing among the government tiers.

The FAAC allocation determines how revenue is distributed across Nigeria’s federal, state and local levels. Monthly revenue figures can influence budget implementation and fiscal planning by government entities.

Government revenue from oil and non‑oil sources continues to form the bulk of the Federation Account, with oil revenue remaining the largest component of distributable funds for the month.