Nigeria distributed about 2,429 billion naira on Thursday 15 October between the federal government, the states and local governments, in respect of September 2026 revenue, according to a government statement. This monthly transfer rises after the decline recorded in the previous distribution.
The amount rises by about 90 billion naira compared with the 2,338 billion distributed in September from August revenue, the Nigerian daily Punch reports. It nonetheless remains below the 3,007 billion distributed in August, a comparison that measures sums transferred to administrations without adjustment for inflation.
The federal government receives 832.2 billion naira, the states 799.9 billion and local governments 560.7 billion. An additional 236 billion goes to producing states under the mechanism returning 13% of mineral revenues, according to the statement published on 15 October.
The distribution follows deduction of collection costs and sums allocated to transfers, refunds and savings. It therefore covers only part of the around 3,913 billion naira in gross revenue recorded in September, not all of it.
The rise in statutory revenue is accompanied by a rise in several oil levies and import duties, according to the statement. Conversely, gross VAT revenue falls to 816.9 billion naira, from 834.8 billion in August, a decline of about 18 billion.