FG, States, LGs share N2.257trn April 2026 revenue

Nigeria's Federation Account Allocation Committee (FAAC) has allocated a total of N2.257 trillion to the federal, state, and local governments for April 2026. This distribution follows the FAAC meeting held recently in Abuja.

The total distributable revenue includes N1.260 trillion in statutory allocations, N747.088 billion from Value Added Tax (VAT), and N250 billion in augmentation funds. The overall gross revenue available in April 2026 reached N3.184 trillion, with deductions for collection costs amounting to N113.756 billion and transfers, refunds, and savings totaling N813.839 billion.

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A total deduction for cost of collection was N113.756 billion, while total transfers, refunds and savings were N813.839 billion.

Breaking down the N2.257 trillion distributable amount, the Federal Government received N787.351 billion. State governments collectively received N772.360 billion, while local government councils were allocated N540.152 billion. Additionally, N157.254 billion, representing 13 percent of mineral revenue, was distributed to benefiting states as derivation revenue.

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From the N2.257 trillion total distributable revenue, the Federal Government received a total sum of N787.351 billion and the State Governments received a total sum of N772.360 billion.

Further details show that from the N1.260 trillion distributable statutory revenue, the Federal Government received N580.942 billion, and states received N294.661 billion, with local governments getting N227.172 billion. The derivation revenue of N157.254 billion was also shared among states. From the N747.088 billion distributable VAT revenue, the Federal Government received N74.709 billion, states received N410.898 billion, and local governments received N261.481 billion. The augmentation funds saw the Federal Government receiving N131.700 billion, states N66.800 billion, and local governments N51.500 billion.

The report also noted significant increases in Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duty Tax (SDT), Import Duty, Oil and Gas Royalty, and VAT in April 2026. Conversely, Petroleum Profit Tax (PPT) and Hydrocarbon Tax (HT) saw considerable decreases, while Excise Duty and CET Levies experienced marginal declines.

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The Local Government Councils received N540.152 billion, while the sum of N157.254 billion (13 per cent of mineral revenue) was shared to the benefiting States as derivation revenue.