FG, States, LGCs Share N2.036 Trillion in March 2026 Revenue
A total of N2.036 trillion, representing the March 2026 Federation Account Revenue, has been distributed to the Federal Government, States, and Local Government Councils.
The revenue was allocated at the April 2026 Federation Account Allocation Committee (FAAC) meeting held in Abuja.
The N2.036 trillion total distributable revenue included N1.320 trillion from statutory revenue, N515.391 billion from Value Added Tax (VAT), and an augmentation of N200 billion.
A communiqué from the Federation Account Allocation Committee (FAAC) stated that a gross revenue of N2.364 trillion was available in March 2026. Deduction for collection costs was N81.084 billion, while total transfers, refunds, and savings amounted to N246.872 billion, including the N200 billion augmentation.
The communiqué also indicated that gross statutory revenue collected in March 2026 was N1.699 trillion, which is N137.914 billion higher than the N1.561 trillion received the previous month.
Revenue from Value Added Tax (VAT) was N664.425 billion in March 2026, slightly lower than the N668.450 billion received in February 2026 by N4.025 billion.
Regarding distribution, the communiqué stated that out of the N2.036 trillion total distributable revenue, N789.159 billion was allocated to the Federal Government, N657.596 billion to State Governments, and N468.826 billion to Local Government Councils.
Additionally, N120.759 billion (13% of mineral revenue) was shared with the benefiting States as derivation revenue.
From the N1.320 trillion in distributable statutory revenue, N632.260 billion went to the Federal Government, while N320.691 billion was allocated to State Governments. The Local Governments received N247.239 billion, and N120.759 billion (13% of mineral revenue) was shared with the benefiting States.
For the Value Added Tax (VAT) revenue of N515.391 billion, allocations were N51.539 billion to the Federal Government, N283.465 billion to State Governments, and N180.387 billion to Local Governments.
From the N200 billion augmentation, the Federal Government received N105.360 billion, State Governments N53.440 billion, and Local Governments N41.200 billion.
In March 2026, there was a significant increase in Companies Income Tax (CIT), CGT, SDT, and Excise Duty, while Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT), Oil and Gas Royalty, Import Duty, and CET decreased considerably. Value Added Tax (VTA) decreased marginally.
