The total sum disbursed to the federal, state, and local governments from the federation account jumped to N2.25 trillion from N2.03 trillion previously disbursed.
- +FAAC allocations to FG, States, LGs jump to N2.25trn
- +…as gross revenue soars by 34.7%
According to a communiqué issued by the Federation Account Allocation Committee (FAAC) at the end of its monthly meeting, the total sum disbursed was from the total gross revenue of N3.184 trillion available in the month of April 2026.
…as gross revenue soars by 34.7%
According to a communiqué issued by the Federation Account Allocation Committee (FAAC) at the end of its monthly meeting, the total sum disbursed was from the total gross revenue of N3.184 trillion available in the month of April 2026. This is higher than the N2.364 trillion gross revenue available in March 2026.
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 of N250.000 billion.
Total deduction for the cost of collection was N113.756 billion, while total transfers, refunds and savings were N813.839 billion.
According to the communiqué, gross statutory revenue of N2.378 trillion was received for the month of April 2026. This was higher than the sum of N1.699 trillion received in the preceeding month by N678.224 billion.
Also, gross revenue of N806.617 billion was available from the Value Added Tax (VAT) in April 2026. This was 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 a total sum of N787.351 billion and the State Governments received a 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 with the benefiting state as derivation revenue.
On the N1.260 trillion distributable statutory revenue, the communiqué stated that 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 with the benefiting states as derivation revenue.
From the N747.088 billion distributable Value Added Tax (VAT) revenue, the federal government received N74.709 billion, the state governments received N410.898 billion and the local government councils received N261.481 billion.
The Federal Government received N131.700 billion from the N250.000 billion, the State Government received N66.800 billion and the Local Government received N51.500 billion.
