By Maryam Shuaibu
The Federation Account Allocation Committee (FAAC) has distributed a total of N2.257 trillion to the federal, state and local governments as revenue allocation for April 2026.
The distribution was announced in a statement issued on Monday by Bawa Mokwa, Director of Press and Public Relations in the Office of the Auditor-General of the Federation (OAGF).
According to the statement, the revenue was shared during the May 2026 FAAC meeting held in Abuja.
Mr Mokwa said the distributable revenue comprised N1.260 trillion in statutory revenue, N747.088 billion from Value Added Tax (VAT), and N250 billion as augmentation.
He explained that the total gross revenue available in April stood at N3.184 trillion, out of which N113.756 billion was deducted as the cost of collection, while N813.839 billion was allocated to transfers, refunds and savings.
The statement noted that gross statutory revenue increased from N1.699 trillion in March to N2.378 trillion in April, representing a rise of N678.224 billion.
Similarly, VAT revenue rose from N664.425 billion in March to N806.617 billion in April, an increase of N142.192 billion.
According to the FAAC communiqué, the Federal Government received N787.351 billion from the total distributable revenue, while state governments received N772.360 billion.
Local government councils received N540.152 billion, while oil-producing states received N157.254 billion as 13 per cent derivation revenue.
A breakdown of the statutory revenue allocation showed that the Federal Government received N580.942 billion, states received N294.661 billion, and local governments received N227.172 billion.
From the N747.088 billion VAT revenue, the Federal Government received N74.709 billion, state governments received N410.898 billion, while local governments got N261.481 billion.
The communiqué further showed that from the N250 billion augmentation, the Federal Government received N131.700 billion, states got N66.800 billion, and local governments received N51.500 billion.
FAAC also reported significant increases in Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duties, Import Duty, Oil and Gas Royalties, and Value Added Tax collections during the period.
However, revenues from Petroleum Profit Tax (PPT) and Hydrocarbon Tax (HT) recorded notable declines, while Excise Duty and CET Levies decreased slightly.