FG, states, LGs share N2.26tn as April revenue climbs

Nigeria's Federation Account Allocation Committee (FAAC) has announced the distribution of N2.26 trillion in revenue for April 2026. This figure marks a significant increase of N217 billion from the N2.04 trillion shared in March, representing a 10.6% rise in revenue allocation.

The details, released by the Office of the Accountant-General of the Federation, indicate that the distributable revenue comprised N1.260 trillion in statutory revenue, N747.088 billion from Value Added Tax (VAT), and N250 billion in augmentation. The total gross revenue available in April reached N3.184 trillion, after deductions for collection costs and other transfers, refunds, and savings.

FAAC attributed the higher revenue performance to improved collections from key tax and non-tax sources. Companies Income Tax, CGT, SDT, Import Duty, Oil and Gas Royalty, and VAT saw significant increases. However, Petroleum Profit Tax and Hydrocarbon Tax decreased considerably, while Excise Duty and CET Levies experienced marginal declines.

Breaking down the N2.257 trillion distributable revenue, the Federal Government received N787.351 billion. State governments were allocated N772.360 billion, and local government councils received N540.152 billion. Additionally, oil-producing states shared N157.254 billion as 13% derivation revenue. Further allocations from statutory and VAT revenues were distributed among the federal, state, and local governments.

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A total sum of N2.26tn, being April 2026 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils.