The Federal Government, state governments and local government councils shared a total of N2.257 trillion from the Federation Account as revenue allocation for April 2026.
The development follows a significant increase in collections from major tax and non-oil revenue sources.
The Office of the Accountant-General of the Federation (OAGF), disclosed this after the May 2026 meeting of the Federation Account Allocation Committee (FAAC) held in Abuja.
In a statement signed by the Director of Press and Public Relations at the OAGF, Bawa Mokwa, the total distributable revenue comprised N1.260 trillion statutory revenue, N747.088 billion Value Added Tax (VAT) revenue, and N250 billion augmentation.
According to the communiqué issued after the FAAC meeting, total gross revenue collected in April stood at N3.184 trillion.
A total N113.756 billion was deducted from this amount as cost of collection, while N813.839 billion went to transfers, refunds and savings.
A breakdown of the allocation showed that the Federal Government received N787.351 billion, state governments got N772.360 billion, while local government councils shared N540.152 billion.
Besides, oil-producing states received N157.254 billion as 13 per cent derivation revenue, representing their share of mineral earnings.
The committee noted a sharp increase in statutory revenue during the period under review. Gross statutory revenue rose to N2.378 trillion in April, up from N1.699 trillion recorded in March, representing an increase of N678.224 billion.
VAT collections also improved significantly. Gross VAT revenue for April stood at N806.617 billion, compared with N664.425 billion in March, reflecting an increase of N142.192 billion.
From the N1.260 trillion distributable statutory revenue, the Federal Government got N580.942 billion, states got N294.661 billion, while local governments received N227.172 billion. The derivation allocation of N157.254 billion was also distributed from this component to eligible states.
For the N747.088 billion VAT revenue, the Federal Government received N74.709 billion, state governments shared N410.898 billion, while local governments got N261.481 billion.
Meanwhile, from the N250 billion augmentation, the Federal Government received N131.700 billion, state governments received N66.800 billion, and local government councils received N51.500 billion.
FAAC tied the strong revenue performance largely to higher inflows from Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duties (SDT), Import Duty, Oil and Gas Royalties, and VAT, all of which recorded significant increases during the month.
