The three tiers of government, the Federal, states and Local councils have shared N3.007 trillion as July 2026 revenue.
This is bigger than the ₦2.551 trillion shared in the month of June 2026, where the . total distributable sum comprised ₦1.810 trillion in statutory revenue and ₦740.724 billion from Value Added Tax (VAT).
In June Federal Government received ₦923.438 billion, states ₦838.208 billion, and the Local Government Councils ₦591.390 billion, while Oil-Producing States (13% Derivation) was ₦197.610 billion.
The month’s figures point to a strengthening underlying revenue base with Gross statutory revenue rising to ₦4.359 trillion in July 2026, up ₦658.087 billion, representing a 17.8% increase – from ₦3.700 trillion in June 2026.8.18.
This reflects improved collection performance across oil and non-oil statutory sources. Gross VAT revenue held broadly steady at ₦793.968 billion, a marginal decline of ₦5.778 billion (0.7%) from ₦799.746 billion in June, suggesting consumption-tax receipts remain resilient month-on-month.
The communiqué attributed the month’s gains to broad-based strength across several revenue lines. Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT), Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duty Tax (SDT), Petroleum Royalties, Mineral Royalties, Excise Duty and Gas Flared Penalty all recorded significant increases in July 2026, pointing to firmer compliance and collection efficiency across both oil and non-oil channels.
These gains were partly offset by declines in Value Added Tax (VAT), Import Duty, CET Levies, Rental of Gas Flared Fee and Miscellaneous Oil Revenue, which the Committee will continue to monitor as it works with revenue-generating agencies to close collection gaps and improve remittance discipline.
