Accountant-General of the Federation, Oluwatoyin Madein
The Federation Account Allocation Committee has shared N2.26 trillion among the Federal Government, states and local government councils as April 2026 revenue, representing an increase of N217 billion from the N2.04 trillion distributed in the previous month
The latest allocation marks a 10.6 per cent increase from the March 2026 revenue shared in April.
The details were contained in 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, following the Federation Account Allocation Committee meeting held in Abuja.
According to the statement, a total of N2.26tn was distributed from the April 2026 Federation Account revenue to the three tiers of government.
The statement said the distributable revenue comprised N1.260tn statutory revenue, N747.088bn Value Added Tax revenue and N250bn augmentation.
“A total sum of N2.26tn, being April 2026 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils,” the statement read.
It added that total gross revenue available in April stood at N3.184tn, out of which N113.756bn was deducted as cost of collection, while N813.839bn was recorded as transfers, refunds and savings.
The communiqué issued after the meeting showed a strong increase in statutory revenue collections during the month.
According to FAAC, gross statutory revenue rose to N2.378tn in April from N1.699tn in March, representing an increase of N678.224bn.
Similarly, gross VAT revenue increased to N806.617bn in April from N664.425bn in the preceding month, reflecting a rise of N142.192bn.
The committee attributed the higher revenue performance to improved collections from several major tax and non-tax revenue sources.
“In April 2026, Companies Income Tax, CGT, SDT, Import Duty, Oil and Gas Royalty and Value Added Tax increased significantly while Petroleum Profit Tax and Hydrocarbon Tax decreased considerably. Excise Duty and CET Levies decreased marginally,” the communiqué stated.
A breakdown of the N2.257tn distributable revenue showed that the Federal Government received N787.351bn, while state governments received N772.360bn.
Local government councils received N540.152bn, while oil-producing states shared N157.254bn as 13 per cent derivation revenue.
From the N1.260tn statutory revenue, the Federal Government received N580.942bn, states got N294.661bn and local governments received N227.172bn. The oil-producing states also received N157.254bn as derivation revenue from the statutory component.
The N747.088bn VAT revenue was shared with the Federal Government receiving N74.709bn, states receiving N410.898bn and local government councils receiving N261.481bn.
The committee further distributed the N250bn augmentation, with the Federal Government receiving N131.700bn, states receiving N66.800bn and local governments getting N51.500bn.
The latest allocation highlights the continued improvement in federally collected revenue despite weaker receipts from some petroleum-related taxes.
While Petroleum Profit Tax and Hydrocarbon Tax recorded significant declines during the month, stronger inflows from Companies Income Tax, import duties, VAT and oil and gas royalties helped offset the losses and boosted the distributable pool available to the three tiers of government.
The increase in both statutory revenue and VAT collections was largely responsible for the higher allocation, providing additional fiscal resources for governments amid persistent spending pressures and rising infrastructure and social service demands across the country.
