The Federation Account Allocation Committee (FAAC) has distributed N2.26 trillion as April 2026 revenue among the Federal Government, states, and local government councils. This amount signifies a N217 billion increase compared to the N2.04 trillion distributed in March 2026.
The latest allocation reflects a 10.6 per cent rise from the March 2026 revenue shared in April. The details were released by the Director of Press and Public Relations in the Office of the Accountant-General of the Federation, Bawa Mokwa, following the FAAC meeting in Abuja.
The total distributable revenue of N2.26tn for April 2026 comprised N1.260tn from statutory revenue, N747.088bn from Value Added Tax (VAT) revenue, and N250bn as augmentation.
Gross revenue available in April stood at N3.184tn. From this total, N113.756bn was deducted for cost of collection, and N813.839bn was recorded as transfers, refunds, and savings.
The communiqué issued after the meeting highlighted a significant increase in statutory revenue collections. Gross statutory revenue rose to N2.378tn in April from N1.699tn in March, an increase of N678.224bn. Similarly, gross VAT revenue increased to N806.617bn in April from N664.425bn in the preceding month, a rise of N142.192bn.
FAAC attributed the higher revenue performance to improved collections from several key tax and non-tax revenue sources. Companies Income Tax, CGT, SDT, Import Duty, Oil and Gas Royalty, and Value Added Tax increased significantly. However, Petroleum Profit Tax and Hydrocarbon Tax decreased considerably, while Excise Duty and CET Levies saw marginal decreases.
A breakdown of the N2.257tn distributable revenue shows the Federal Government received N787.351bn. State governments received N772.360bn, and local government councils received N540.152bn. Additionally, oil-producing states shared N157.254bn as 13 per cent derivation revenue.
From the N1.260tn statutory revenue component, the Federal Government received N580.942bn, states received N294.661bn, and local governments received N227.172bn. Oil-producing states also received N157.254bn as derivation revenue from this statutory component.
The N747.088bn VAT revenue was shared as follows: the Federal Government received N74.709bn, states received N410.898bn, and local government councils received N261.481bn.
Furthermore, the N250bn augmentation was distributed with the Federal Government receiving N131.700bn, states receiving N66.800bn, and local governments receiving N51.500bn.
The increase in federally collected revenue was primarily driven by stronger inflows from Companies Income Tax, import duties, VAT, and oil and gas royalties, which offset declines in Petroleum Profit Tax and Hydrocarbon Tax. This boost in distributable revenue provides additional fiscal resources for the three tiers of government.
