Massive Funds Hit State And Local Govt Accounts, Time For Infrastructure.

Massive Funds Hit State And Local Govt Accounts, Time For Infrastructure.

The Federation Account Allocation Committee (FAAC) has officially shared a staggering ₦1.894 trillion in revenue among the three tiers of government for February 2026. This distribution comes from a total gross revenue of ₦2.230 trillion generated during the month, showing a robust albeit slightly lower revenue cycle compared to the record-breaking start of the year.

From the ₦1.894 trillion distributable amount, the wallet-heavy allocation was split as follows:

 Federal Government: ₦675.088 billion

 36 State Governments: ₦651.525 billion

 774 Local Government Councils: ₦456.467 billion

 Derivation Revenue (Oil-Producing States): ₦110.949 billion (13% of mineral proceeds)

The communiqué, signed by Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant-General, highlighted that the revenue was primarily driven by:

 Statutory Revenue: ₦1.274 trillion

 Value Added Tax (VAT): ₦619.119 billion.

Notably, while statutory revenue and VAT saw a slight dip compared to January's figures, the committee reported a significant increase in earnings from oil and gas royalties and excise duties.

This influx of funds means that the state and local government accounts are officially replenished. This allocation is expected to fuel ongoing infrastructure projects, civil servant salaries, and grassroots development across the 774 local government areas in Nigeria.

"With ₦456 billion hitting the accounts of the 774 LGAs nationwide, citizens are encouraged to monitor their local council projects and demand accountability for these substantial sums." — Economic Analyst