The Federation Account Allocation Committee (FAAC) has shared a total sum of N2.257 trillion among the three tiers of government for April 2026, amid a significant rise in gross federation revenue driven largely by improvements in statutory and Value Added Tax (VAT) collections.
According to a statement issued on Monday by the Director of Press and Public Relations, Office of the Accountant General of the Federation, Bawa Mokwa, the allocation was approved at the May 2026 FAAC meeting held in Abuja.
The revenue, drawn from the Federation Account Allocation Committee, was shared between the Federal Government of Nigeria, the 36 states, and the 774 local government areas.
The total distributable revenue of N2.257 trillion comprised N1.260 trillion from statutory revenue, N747.088 billion from VAT, and an additional N250 billion augmentation.
Overall, gross revenue for the month stood at N3.184 trillion. From this amount, N113.756 billion was deducted as cost of collection, while N813.839 billion was accounted for as transfers, refunds, and savings.
The report showed a marked improvement in inflows, as gross statutory revenue rose to N2.378 trillion in April, representing an increase of N678.224 billion compared to the previous month. VAT also recorded a rise, increasing to N806.617 billion from N664.425 billion in March.
From the total distributable sum, the Federal Government received N787.351 billion, states received N772.360 billion, while local government councils got N540.152 billion. A further N157.254 billion, representing 13 per cent derivation revenue from mineral resources, was shared among oil-producing states.
A breakdown of the statutory revenue allocation showed that the Federal Government received N580.942 billion, states got N294.661 billion, and local governments received N227.172 billion, with the same N157.254 billion derivation component paid to eligible states.
From the VAT pool of N747.088 billion, the Federal Government received N74.709 billion, states N410.898 billion, and local governments N261.481 billion.
In addition, from the N250 billion augmentation fund, the Federal Government got N131.700 billion, states received N66.800 billion, while local government councils got N51.500 billion.
The FAAC communiqué further indicated that major revenue heads, including Companies Income Tax, Capital Gains Tax, Stamp Duties, import duty, oil and gas royalty, and VAT, recorded significant increases during the month. However, Petroleum Profit Tax and hydrocarbon tax declined considerably, while excise duties and CET levies also dropped marginally.
The latest allocation comes amid continued fiscal pressure on subnational governments, even as rising non-oil revenues and improved tax performance provide some relief across the federation.
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