The Federation Account Allocation Committee (FAAC) on Monday, 15 June, 2026 disclosed that it 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 Director of Press and Public Relations in the Office of the Accountant-General of the Federation, Bawa Mokwa, who made this disclosure through a statement issued on Monday, 15 June, 2026, said sharing of the month revenue was arrived at following the Federation Account Allocation Committee meeting held in Abuja.
While disclosing that a total of N2.26 trillion was distributed from the April 2026 Federation Account revenue to the three tiers of government, the statement added the distributable revenue comprised N1.260 trillion statutory revenue, N747.088 billion Value Added Tax revenue and N250 billion augmentation.
“A total sum of N2.26 trillion, 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 N3.184 trillion, out of which N113.756 billion was deducted as cost of collection, while N813.839 billion 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 N2.378 trillion in April from N1.699 trillion in March, representing an increase of N678.224 billion.
Similarly, gross VAT revenue increased to N806.617 billion in April from N664.425 billion in the preceding month, reflecting a rise of N142.192 billion.
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 N2.257 trillion distributable revenue showed that the Federal Government received N787.351 billion, while state governments received N772.360 billion.
Local government councils received N540.152 billion, while oil-producing states shared N157.254 billion as 13 per cent derivation revenue.
From the N1.260tn statutory revenue, the Federal Government received N580.942 billion, states got N294.661 billion and local governments received N227.172 billion. The oil-producing states also received N157.254 billion as derivation revenue from the statutory component.
The N747.088 billion VAT revenue was shared with the Federal Government receiving N74.709 billion, states receiving N410.898bn and local government councils receiving N261.481 billion.
The committee further distributed the N250 billion augmentation, with the Federal Government receiving N131.700 billion, states receiving N66.800 billion and local governments getting N51.500 billion.
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.
Source: The Punch online
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