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The Federation Account Allocation Committee (FAAC) has shared ₦2.26 trillion among the Federal Government, state governments, and local government councils as revenue generated for April 2026, marking a significant increase from the ₦2.04 trillion distributed in the previous month. The latest allocation represents a 10.6 percent rise and reflects improved revenue performance across several major tax and non-tax sources.
According to the communiqué issued after the FAAC meeting in Abuja, the distributable revenue comprised ₦1.260 trillion in statutory revenue, ₦747.088 billion from Value Added Tax (VAT), and a ₦250 billion augmentation. Total gross revenue available for the month stood at ₦3.184 trillion, with ₦113.756 billion deducted as collection costs and ₦813.839 billion allocated to transfers, refunds, and savings. Gross statutory revenue surged to ₦2.378 trillion in April from ₦1.699 trillion in March, while VAT collections increased from ₦664.425 billion to ₦806.617 billion.
A breakdown of the allocation showed that the Federal Government received ₦787.351 billion, state governments received ₦772.360 billion, and local government councils got ₦540.152 billion. Oil-producing states also shared ₦157.254 billion as 13 percent derivation revenue from mineral earnings. The increase was largely driven by stronger collections from Companies Income Tax, Capital Gains Tax, Stamp Duties, Import Duties, Oil and Gas Royalties, and VAT, despite declines in Petroleum Profit Tax and Hydrocarbon Tax receipts.
Economic analysts say the higher allocation provides additional fiscal breathing space for governments at all levels as they contend with infrastructure needs, public service obligations, and development projects. The sustained growth in non-oil revenue sources is also being viewed as a positive sign for the government’s efforts to diversify revenue generation and reduce dependence on crude oil earnings. However, experts note that maintaining the momentum will require continued improvements in tax administration, economic activity, and revenue collection efficiency across the country.
