The Federation Account Allocation Committee (FAAC) has shared a total of N2.257 trillion among the Federal Government, states, and local government councils for April 2026.
This was disclosed in a statement issued on Monday in Abuja by Bawa Mokwa, Director of Press and Public Relations at the Office of the Auditor-General of the Federation.
Mokwa said the allocation was approved at the May 2026 FAAC meeting held in Abuja, noting that the distributable revenue came from statutory earnings, Value Added Tax (VAT), and augmentation.
According to the communiqué, the total distributable revenue of N2.257 trillion comprised N1.260 trillion from statutory revenue, N747.088 billion from VAT, and N250 billion as augmentation.
He explained that total gross revenue for the month stood at N3.184 trillion, with deductions for cost of collection amounting to N113.756 billion, while transfers, refunds, and savings totaled N813.839 billion.
Gross statutory revenue for April was N2.378 trillion, representing an increase of N678.224 billion compared to the preceding month. VAT revenue also rose to N806.617 billion, higher than the N664.425 billion recorded in March 2026.
From the distributable amount, the Federal Government received N787.351 billion, states got N772.360 billion, while local government councils received N540.152 billion. An additional N157.254 billion, representing 13 per cent derivation revenue, was shared to oil-producing states.
Breakdown of the statutory revenue showed the Federal Government receiving N580.942 billion, states N294.661 billion, and local governments N227.172 billion, alongside the derivation allocation.
From VAT revenue, the Federal Government received N74.709 billion, states N410.898 billion, and local governments N261.481 billion.
Mokwa further stated that companies income tax, capital gains tax, stamp duties, import duty, oil and gas royalty, and VAT recorded increases during the period, while petroleum profit tax and hydrocarbon tax declined.
He added that excise duty and CET levies witnessed marginal decreases.
