**N1.894trn Shared Among FG, States, and LGs as February Allocation** In a major development, the Federation Account Allocation Committee (FAAC) has released the sum of N1.894 trillion as federal revenue to the Federal, State, and Local Government Councils for the month of February 2026. According to a communiqué signed by Director (Press and Public Relations), Bawa Mokwa, after the FAAC meeting in Abuja, the total distributable revenue comprises N1.274 trillion in statutory revenue and N619.119 billion in Value Added Tax (VAT) revenue. The breakdown of the allocation shows that the Federal Government received a total sum of N675.088 billion, while State governments received N651.525 billion. The Local Government Councils received N456.467 billion, and a sum of N110.949 billion (13% of mineral revenue) was shared among benefiting states as derivation revenue. The communiqué also highlighted that the total gross revenue available in February 2026 was N2.230 trillion. After deducting the cost of collection (N77.302 billion) and total transfers, refunds, and savings (N259.078 billion), the distributable revenue stood at N1.894 trillion. Comparing the available revenue, the gross statutory revenue for February 2026 was N1.561 trillion, lower than the N1.957 trillion received in the preceding month by N395.138 billion. Additionally, the gross revenue from VAT in February 2026 was N668.450 billion, lower than the N1.083 trillion available in January 2026 by N414.710 billion. As the country continues to navigate economic challenges, the timely allocation of these funds is expected to support the implementation of various development projects and enhance the delivery of public services at the state and local levels. **Key Figures:** - Total distributable revenue: N1.894 trillion - Federal Government allocation: N675.088 billion - State allocation: N651.525 billion - Local Government Council allocation: N456.467 billion - Derivation revenue: N110.949 billion