The Federal Government, the 36 states and the 774 local government councils shared a total of N2.257 trillion from the Federation Account for April 2026, according to details released after the latest Federation Account Allocation Committee (FAAC) meeting.
The information was made public on Monday by Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant General of the Federation.
The revenue allocation was approved during the FAAC meeting held in Abuja in May 2026.
According to the committee, the amount shared was made up of N1.260 trillion from statutory revenue, N747.088 billion generated from Value Added Tax (VAT), and an additional N250 billion provided as augmentation.
FAAC explained that total revenue available for distribution in April stood at N3.184 trillion. However, deductions for collection costs amounted to N113.756 billion, while transfers, refunds and savings accounted for N813.839 billion.
The report showed a significant rise in government earnings during the month. Gross statutory revenue increased to N2.378 trillion in April, representing an increase of N678.224 billion compared to the N1.699 trillion recorded in March.
VAT collections also recorded strong growth. A total of N806.617 billion was generated in April, which was N142.192 billion higher than the N664.425 billion collected in the previous month.
From the N2.257 trillion shared among the three tiers of government, the Federal Government received N787.351 billion. State governments collectively got N772.360 billion, while local government councils received N540.152 billion.
Oil-producing states also received N157.254 billion as derivation revenue, representing 13 per cent of mineral earnings.
A breakdown of the statutory revenue allocation showed that the Federal Government received N580.942 billion, states got N294.661 billion, while local governments received N227.172 billion. The oil-producing states also shared the N157.254 billion derivation fund.
For VAT revenue, the Federal Government received N74.709 billion, states received N410.898 billion, and local governments got N261.481 billion.
The N250 billion augmentation fund was also shared among the three tiers of government. The Federal Government received N131.700 billion, states got N66.800 billion, while local governments received N51.500 billion.
The FAAC report further revealed that several major revenue sources recorded improvements in April. Collections from Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duties, import duties, oil and gas royalties, and VAT all increased significantly.
However, earnings from Petroleum Profit Tax (PPT) and Hydrocarbon Tax (HT) dropped sharply during the period. Revenue from excise duties and CET levies also recorded slight declines.