{"id":1856,"date":"2026-08-20T10:20:26","date_gmt":"2026-08-20T10:20:26","guid":{"rendered":"https:\/\/kufmtv.net\/?p=1856"},"modified":"2026-08-20T10:20:44","modified_gmt":"2026-08-20T10:20:44","slug":"fg-states-lgs-share-n3-007tn-july-faac-revenue","status":"publish","type":"post","link":"https:\/\/kufmtv.net\/index.php\/2026\/08\/20\/fg-states-lgs-share-n3-007tn-july-faac-revenue\/","title":{"rendered":"FG, STATES, LGS SHARE N3.007TN JULY FAAC REVENUE"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

The Federal Government, 36 states and 774 local government councils have shared N3.007 trillion as revenue for July.<\/p>\n\n\n\n

The allocation was approved at the monthly meeting of the Federation Account Allocation Committee (FAAC) held in Owerri, Imo State.<\/p>\n\n\n\n

The meeting was held on the sidelines of the National Council of Federation and Economic Development (NACOFED).<\/p>\n\n\n\n

According to the Director of Press and Public Relations at the Office of the Accountant-General of the Federation, Bawa Mokwa, the July distribution followed a significant increase in gross statutory revenue.<\/p>\n\n\n\n

Mokwa said gross statutory revenue rose to N4.359 trillion naira in July, representing an increase of N658.087 billion, or 17.8 per cent, from the N3.700 trillion naira recorded in June.<\/p>\n\n\n\n

He attributed the improvement to stronger receipts from Petroleum Profit Tax, Hydrocarbon Tax, Companies Income Tax, Capital Gains Tax, Stamp Duty Tax, petroleum royalties, mineral royalties, excise duty and gas-flaring penalties.<\/p>\n\n\n\n

However, gross Value Added Tax revenue declined slightly to N793.968 billion naira in July, compared with N799.746 billion naira in June.<\/p>\n\n\n\n

The figure represents a decrease of N5.778 billion, or 0.7 per cent.<\/p>\n\n\n\n

FAAC said the increase in statutory revenue was partly offset by declines in VAT, import duty, Common External Tariff levies, gas-flaring fees and miscellaneous oil revenue.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Federal Government, 36 states and 774 local government councils have shared N3.007 trillion as revenue for July. The allocation […]<\/p>\n","protected":false},"author":2,"featured_media":1857,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"h5ap_radio_sources":[],"footnotes":""},"categories":[6,1],"tags":[],"class_list":["post-1856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-uncategorized"],"rttpg_featured_image_url":{"full":["https:\/\/kufmtv.net\/wp-content\/uploads\/2026\/08\/faac.png",576,347,false],"landscape":["https:\/\/kufmtv.net\/wp-content\/uploads\/2026\/08\/faac.png",576,347,false],"portraits":["https:\/\/kufmtv.net\/wp-content\/uploads\/2026\/08\/faac.png",576,347,false],"thumbnail":["https:\/\/kufmtv.net\/wp-content\/uploads\/2026\/08\/faac-150x150.png",150,150,true],"medium":["https:\/\/kufmtv.net\/wp-content\/uploads\/2026\/08\/faac-300x181.png",300,181,true],"large":["https:\/\/kufmtv.net\/wp-content\/uploads\/2026\/08\/faac.png",576,347,false],"1536x1536":["https:\/\/kufmtv.net\/wp-content\/uploads\/2026\/08\/faac.png",576,347,false],"2048x2048":["https:\/\/kufmtv.net\/wp-content\/uploads\/2026\/08\/faac.png",576,347,false]},"rttpg_author":{"display_name":"kufmtv","author_link":"https:\/\/kufmtv.net\/index.php\/author\/kufmtv\/"},"rttpg_comment":0,"rttpg_category":"Business<\/a> News<\/a>","rttpg_excerpt":"The Federal Government, 36 states and 774 local government councils have shared N3.007 trillion as revenue for July. The allocation […]","_links":{"self":[{"href":"https:\/\/kufmtv.net\/index.php\/wp-json\/wp\/v2\/posts\/1856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kufmtv.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kufmtv.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kufmtv.net\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/kufmtv.net\/index.php\/wp-json\/wp\/v2\/comments?post=1856"}],"version-history":[{"count":1,"href":"https:\/\/kufmtv.net\/index.php\/wp-json\/wp\/v2\/posts\/1856\/revisions"}],"predecessor-version":[{"id":1858,"href":"https:\/\/kufmtv.net\/index.php\/wp-json\/wp\/v2\/posts\/1856\/revisions\/1858"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kufmtv.net\/index.php\/wp-json\/wp\/v2\/media\/1857"}],"wp:attachment":[{"href":"https:\/\/kufmtv.net\/index.php\/wp-json\/wp\/v2\/media?parent=1856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kufmtv.net\/index.php\/wp-json\/wp\/v2\/categories?post=1856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kufmtv.net\/index.php\/wp-json\/wp\/v2\/tags?post=1856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}