The Federation Account Allocation Committee (FAAC) has distributed a total of N2.257 trillion as revenue allocation to the Federal Government, state governments, and local government councils for April 2026.
According to a statement by Bawa Mokwa, Director of Press and Public Relations in the Office of the Auditor-General of the Federation, the allocation was approved during the May 2026 FAAC meeting in Abuja.
The distributable revenue comprised N1.260 trillion in statutory revenue, N747.088 billion from Value Added Tax (VAT), and N250 billion in augmentation funds.
From the total allocation, the Federal Government received N787.351 billion, state governments received N772.360 billion, while local government councils received N540.152 billion. Additionally, N157.254 billion was shared to oil-producing states as 13 percent derivation revenue.
FAAC also reported that gross revenue available for April 2026 stood at N3.184 trillion, with N113.756 billion deducted for collection costs and N813.839 billion allocated for transfers, refunds, and savings.
The committee noted significant increases in revenue generated from Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duties (SDT), Import Duty, Oil and Gas Royalties, and VAT, while receipts from Petroleum Profit Tax (PPT) and Hydrocarbon Tax (HT) declined considerably during the period.
The latest allocation reflects improved revenue inflows compared to March 2026, particularly in statutory revenue and VAT collections.
