The Federal Government, the 36 states and the 774 local government councils have shared a total of ₦2.257 trillion as Federation Account revenue for April 2026.
The allocation was approved during the May 2026 meeting of the Federation Account Allocation Committee (FAAC) held in Abuja, according to 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.
The statement said the total distributable revenue comprised ₦1.260 trillion from statutory revenue, ₦747.088 billion from Value Added Tax (VAT), and an augmentation of ₦250 billion.
According to the FAAC communiqué, total gross revenue available for April 2026 stood at ₦3.184 trillion. From this amount, ₦113.756 billion was deducted as the cost of collection, while ₦813.839 billion was set aside for transfers, refunds and savings.
Gross statutory revenue for the month rose to ₦2.378 trillion, representing an increase of ₦678.224 billion compared to the ₦1.699 trillion recorded in March 2026.
Similarly, gross VAT revenue increased to ₦806.617 billion in April, up by ₦142.192 billion from the ₦664.425 billion generated in March.
Out of the ₦2.257 trillion shared, the Federal Government received ₦787.351 billion, while the 36 state governments got ₦772.360 billion.
The 774 local government councils received ₦540.152 billion, while oil-producing states shared ₦157.254 billion as the 13 per cent derivation allocation.
From the ₦1.260 trillion statutory revenue, the Federal Government received ₦580.942 billion, the states received ₦294.661 billion, while local government councils got ₦227.172 billion. The oil-producing states also received the ₦157.254 billion derivation allocation from the statutory revenue.
The ₦747.088 billion VAT revenue was distributed with the Federal Government receiving ₦74.709 billion, the states ₦410.898 billion, and the local government councils ₦261.481 billion.
From the ₦250 billion augmentation, the Federal Government received ₦131.700 billion, while the states and local government councils got ₦66.800 billion and ₦51.500 billion respectively.
The communiqué also revealed that collections from Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duties (SDT), Import Duty, Oil and Gas Royalty, and Value Added Tax (VAT) recorded significant increases during the period under review.
However, receipts from Petroleum Profit Tax (PPT) and Hydrocarbon Tax (HT) declined considerably, while Excise Duty and Common External Tariff (CET) Levies recorded slight decreases.
