FAAC Shares ₦2.257 Trillion to FG, States, LGs as April Revenue Surges

The Federation Account Allocation Committee (FAAC) has distributed a total of ₦2.257 trillion to the Federal Government, 36 state governments, and the 774 local government councils as revenue allocation for April 2026.

The disbursement was announced after the May 2026 FAAC meeting held in Abuja, according to a statement issued by Bawa Mokwa, Director of Press and Public Relations in the Office of the Auditor-General of the Federation.

April Revenue Hits ₦3.184 Trillion

According to the FAAC communiqué, a total gross revenue of ₦3.184 trillion was available for the month under review.

The committee disclosed that ₦113.756 billion was deducted as the cost of revenue collection, while ₦813.839 billionwas allocated for transfers, refunds, interventions, and savings, leaving a distributable revenue of ₦2.257 trillion.

The distributable revenue comprised:

₦1.260 trillion statutory revenue
₦747.088 billion Value Added Tax (VAT) revenue
₦250 billion augmentation

How the ₦2.257 Trillion Was Shared

Under the approved sharing formula, the:

Federal Government received ₦787.351 billion
State Governments received ₦772.360 billion
Local Government Councils received ₦540.152 billion
Oil-producing states received ₦157.254 billion as 13% derivation revenue

A breakdown of the statutory revenue allocation showed that:

Federal Government received ₦580.942 billion
States received ₦294.661 billion
Local Governments received ₦227.172 billion
Oil-producing states received ₦157.254 billion

From the VAT revenue pool of ₦747.088 billion:

Federal Government received ₦74.709 billion
States received ₦410.898 billion
Local Governments received ₦261.481 billion

The ₦250 billion augmentation fund was shared as follows:

Federal Government: ₦131.700 billion
States: ₦66.800 billion
Local Governments: ₦51.500 billion

Revenue Collection Records Strong Growth

FAAC reported a significant rise in revenue generation during April compared to the previous month.

Gross statutory revenue increased from ₦1.699 trillion in March 2026 to ₦2.378 trillion in April 2026, representing an increase of ₦678.224 billion.

Similarly, VAT collections rose from ₦664.425 billion in March to ₦806.617 billion in April, reflecting an increase of ₦142.192 billion.

Tax Revenues Drive Growth

The committee attributed the improved revenue performance to increases in several key revenue streams, including:

Companies Income Tax (CIT)
Capital Gains Tax (CGT)
Stamp Duties (SDT)
Import Duties
Oil and Gas Royalties
Value Added Tax (VAT)

However, revenue from Petroleum Profit Tax (PPT) and Hydrocarbon Tax (HT) recorded notable declines during the period, while Excise Duties and CET Levies also fell slightly.

Economic Implications

The latest FAAC allocation is expected to provide a significant fiscal boost to federal, state, and local governments amid ongoing efforts to fund infrastructure projects, public sector salaries, healthcare, education, and other developmental programmes.

The sharp rise in distributable revenue is also likely to be welcomed by state governments grappling with increasing expenditure demands and economic pressures across the country.

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