- FAAC Distributes N2.257tn for April
- FG Gets N787.35bn
- States Receive N772.36bn
The Federal Government, 36 state governments and the 774 local government councils shared a total of N2.257 trillion from the Federation Account as revenue allocation for April 2026.
Eko Hot Blog reports that the development was disclosed in a statement issued on Monday by the Director of Press and Public Relations in the Office of the Accountant General of the Federation, Bawa Mokwa, following the May 2026 meeting of the Federation Account Allocation Committee (FAAC) in Abuja.
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According to the statement, the total distributable revenue comprised N1.260 trillion from statutory revenue, N747.088 billion from Value Added Tax (VAT), and N250 billion as augmentation.
FAAC noted that a total gross revenue of N3.184 trillion was available during the month under review. However, N113.756 billion was deducted as cost of collection, while N813.839 billion was allocated for transfers, refunds and savings.
The committee further disclosed that gross statutory revenue rose significantly to N2.378 trillion in April, representing an increase of N678.224 billion compared to the N1.699 trillion recorded in March 2026.
Similarly, gross VAT revenue increased to N806.617 billion from N664.425 billion in the previous month, reflecting a rise of N142.192 billion.
From the total distributable revenue of N2.257 trillion, the Federal Government received N787.351 billion, while state governments shared N772.360 billion.
Local government councils received N540.152 billion, while oil-producing states got N157.254 billion as 13 per cent derivation revenue.
A breakdown of the N1.260 trillion statutory revenue showed that the Federal Government received N580.942 billion, states received N294.661 billion, and local governments got N227.172 billion. The derivation fund accounted for N157.254 billion.
From the N747.088 billion VAT revenue, the Federal Government received N74.709 billion, states received N410.898 billion, while local governments shared N261.481 billion.
The N250 billion augmentation was distributed with the Federal Government receiving N131.700 billion, states getting N66.800 billion, and local governments receiving N51.500 billion.
FAAC also noted improvements in revenue collections from Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duties, import duties, oil and gas royalties, and VAT during the month.
However, revenues generated from Petroleum Profit Tax (PPT) and Hydrocarbon Tax (HT) declined considerably, while collections from excise duties and CET levies recorded slight decreases.
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