FG, States, and LGCs Share N2.257 Trillion in April 2026 Revenue
A total of N2.257 trillion, representing the Federation Account Revenue for April 2026, has been distributed among the Federal Government, States, and Local Government Councils.
The revenue was shared at the recent Federation Account Allocation Committee (FAAC) meeting in May 2026.
The N2.257 trillion total distributable revenue consisted of N1.260 trillion in statutory revenue, N747.088 billion in Value Added Tax (VAT), and an augmentation of N250.000 billion.
A communiqué issued by FAAC indicated that a total gross revenue of N3.184 trillion was available for April 2026. Total deductions for collection costs were N113.756 billion, while total transfers, refunds, and savings amounted to N813.839 billion.
According to the communiqué, gross statutory revenue received in April 2026 was N2.378 trillion, N678.224 billion higher than the N1.699 trillion received in the previous month.
Gross revenue from VAT in April 2026 was N806.617 billion, an increase of N142.192 billion from the N664.425 billion available in March 2026.
The communiqué stated that from the total distributable revenue of N2.257 trillion, the Federal Government received N787.351 billion, while State Governments received N772.360 billion.
The Local Government Councils received N540.152 billion, and N157.254 billion (13% of mineral revenue) was shared with the beneficiary states as derivation revenue.
For the N1.260 trillion in distributable statutory revenue, the Federal Government received N580.942 billion, and the State Governments received N294.661 billion.
Local Government Councils received N227.172 billion, and N157.254 billion (13% of mineral revenue) was shared with the beneficiary states as derivation revenue.
From the N747.088 billion in distributable VAT revenue, the Federal Government received N74.709 billion, the State Governments received N410.898 billion, and Local Government Councils received N261.481 billion.
The Federal Government received N131.700 billion, the State Governments N66.800 billion, and the Local Governments N51.500 billion.
In April 2026, companies’ income tax (CIT), CGT, SDT, import duty, oil and gas royalty, and VAT (VTA) increased significantly, while petroleum profit tax (PPT) and hydrocarbon tax (HT) decreased considerably. Excise duty and CET levies decreased marginally.
