…as gross revenue soars by 34.7%
The total sum disbursed to the federal, state, and local governments from the federation account jumped to N2.25 trillion from N2.03 trillion previously disbursed.
According to a communiqué issued by the Federation Account Allocation Committee (FAAC) at the end of its monthly meeting, the total sum disbursed was from the total gross revenue of N3.184 trillion available in the month of April 2026. This is higher than the N2.364 trillion gross revenue available in March 2026.
The N2.257 trillion total distributable revenue comprised distributable statutory revenue of N1.260 trillion, distributable Value Added Tax (VAT) revenue of N747.088 billion, and augmentation of N250.000 billion.
Total deduction for the cost of collection was N113.756 billion, while total transfers, refunds and savings were N813.839 billion.
Read also: Tax reforms expose growing divide between productive, FAAC-dependent states
According to the communiqué, gross statutory revenue of N2.378 trillion was
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