The Federation Account Allocation Committee (FAAC) has distributed ₦2.26 trillion among the Federal Government, states, and local government councils as April 2026 revenue, marking a ₦217 billion increase from the previous month’s allocation.
According to a statement by the Office of the Accountant-General of the Federation, the April allocation represents a 10.6% rise compared to March.
The distributable pool comprised ₦1.26 trillion statutory revenue, ₦747.1 billion Value Added Tax (VAT), and ₦250 billion augmentation.
Gross revenue for April stood at ₦3.18 trillion, with ₦113.8 billion deducted as collection costs and ₦813.8 billion recorded as transfers, refunds, and savings.
FAAC noted stronger inflows from Companies Income Tax, import duties, VAT, and oil and gas royalties, though Petroleum Profit Tax and Hydrocarbon Tax declined significantly.
Breakdown of Allocation:
Federal Government: ₦787.35 billionStates: ₦772.36 billion
Local Governments: ₦540.15 billionOil-Producing States (13% derivation): ₦157.25 billion
From statutory revenue alone, the Federal Government received ₦580.94 billion, states ₦294.66 billion, and local governments ₦227.17
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