The Federation Account Allocation Committee (FAAC) has shared N2.26 trillion among the federal government, state governments, and local government councils as revenue generated in April 2026, marking a sharp increase from the N2.04 trillion distributed a month earlier as federally collected revenues continued to improve.
The latest allocation, approved at the FAAC meeting held in Abuja, represents an increase of about N217 billion over the amount shared in the previous month and reflects stronger inflows from statutory revenue and value-added tax collections.
Details contained in a statement issued by the Director of Press and Public Relations in the Office of the Accountant-General of the Federation, Bawa Mokwa, showed that the N2.26 trillion distributable revenue comprised N1.260 trillion in statutory revenue, N747.088 billion from VAT and N250 billion augmentation.
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According to the communiqué, total gross revenue available in April stood at N3.184 trillion. From this amount, N113.756 billion was deducted as cost of collection, while N813.839 billion was recorded as transfers, refunds, and savings.
The committee reported a significant increase in statutory revenue during the month. Gross statutory revenue rose to N2.378 trillion in April from N1.699 trillion in March, an increase of N678.224 billion.
VAT collections also recorded strong growth. Gross VAT revenue increased to N806.617 billion in April from N664.425 billion in March, representing a rise of N142.192 billion.
FAAC attributed the improved revenue performance to higher collections from companies’ income tax, capital gains tax, stamp duties, import duties, oil and gas royalties, and VAT.
The communiqué noted that while Petroleum Profit Tax and Hydrocarbon Tax declined significantly during the month, gains from non-oil taxes and other revenue streams helped expand the distributable pool available to the three tiers of government.
A breakdown of the N2.26 trillion allocation showed that the federal government received N787.351 billion, while the 36 states shared N772.360 billion.
Local government councils received N540.152 billion, while oil-producing states received N157.254 billion as a 13 percent derivation revenue.
From the N1.260 trillion statutory revenue component, the federal government received N580.942 billion, states received N294.661 billion, and local governments got N227.172 billion. Oil-producing states received the balance as derivation revenue.
The N747.088 billion VAT revenue was distributed with the Federal Government receiving N74.709 billion, states receiving N410.898 billion and local governments receiving N261.481 billion.
The N250 billion augmentation was shared with the federal government receiving N131.700 billion, states receiving N66.800 billion, and local governments receiving N51.500 billion.
The latest increase in FAAC allocation comes at a time when governments at all levels are grappling with rising expenditure obligations, infrastructure deficits and growing demands for social services.
The stronger April revenue performance is expected to provide additional fiscal resources for federal, state, and local governments as they push ahead with budget implementation and development projects across the country.
