A total sum of N2.257 trillion has been shared as April 2026 Federation Account Revenue, by the three tiers of government -Federal,States and the Local Government Councils.
The revenue was shared at the May 2026 Federation Account Allocation Committee (FAAC) meeting held in Abuja recently.
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 N250.000 billion.
A communiqué issued by the Federation Account Allocation Committee (FAAC) indicated that total gross revenue of N3.184 trillion was available in the month of April 2026.
Total deduction for cost of collection was N113.756 billion while total transfers, refunds and savings was N813.839 billion.
According to the communiqué, gross statutory revenue of N2.378 trillion was received for the month of April 2026, which was higher than the sum of N1.699 trillion received in the preceding month by N678.224 billion.
Gross revenue of N806.617 billion was available from the Value Added Tax (VAT) in April 202, which was also higher than the N664.425 billion available in the month of March 2026 by N142.192 billion.
The communiqué stated that from the N2.257 trillion total distributable revenue, the Federal Government received total sum of N787.351 billion and the State Governments received total sum of N772.360 billion.
The Local government Council received N540.152 billion, while the sum of N157.254 billion (13% of mineral revenue) was shared to the benefiting State as derivation revenue.
Of the N1.260 trillion distributable statutory revenue, the Federal Government received N580.942 billion and the State Governments received N294.661 billion.
The Local Government Councils received N227.172 billion and the sum of N157.254 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.
The Federal Government received N74.709 billion, the State Governments received N410.898 billion and the Local Government Councils received N261.481 billion,from the N747.088 billion distributable Value Added Tax (VAT) revenue .
In April 2026, Companies income Tax (CIT), CGT, SDT, Import Duty, Oil and Gas Royalty and Value Added Tax (VTA) increased significantly while Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT), decreased considerably, while Excise Duty and CET Levies decreased marginally.
