The Federation Account Allocation Committee (FAAC) has distributed N2.26 trillion among the Federal Government, state governments, and local government councils as revenue generated in April 2026, reflecting an increase of N217 billion compared to the N2.04 trillion shared in the previous month.

The latest allocation represents a 10.6 per cent rise from the March 2026 revenue distributed in April.

The details were disclosed in a statement issued on Monday by the Director of Press and Public Relations in the Office of the Accountant-General of the Federation, Bawa Mokwa, following the FAAC meeting held in Abuja.

According to the statement, the N2.26 trillion distributed to the three tiers of government comprised N1.260 trillion in statutory revenue, N747.088 billion from Value Added Tax (VAT), and N250 billion in augmentation.

FAAC noted that total gross revenue available in April stood at N3.184 trillion. From this amount, N113.756 billion was deducted as the cost of collection, while N813.839 billion was allocated to transfers, refunds, and savings.

The committee reported a significant improvement in revenue performance during the month, driven largely by stronger collections from key tax and non-tax sources.

Gross statutory revenue increased from N1.699 trillion in March to N2.378 trillion in April, representing a rise of N678.224 billion. Likewise, gross VAT revenue grew by N142.192 billion, climbing from N664.425 billion in March to N806.617 billion in April.

According to the communiqué issued after the meeting, higher collections were recorded from Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duties (SDT), Import Duty, Oil and Gas Royalties, and VAT. However, Petroleum Profit Tax (PPT) and Hydrocarbon Tax recorded substantial declines, while Excise Duty and CET Levies posted marginal decreases.

A breakdown of the N2.257 trillion distributable revenue showed that the Federal Government received N787.351 billion, state governments received N772.360 billion, and local government councils received N540.152 billion. Oil-producing states also received N157.254 billion as 13 per cent derivation revenue.

From the N1.260 trillion statutory revenue, the Federal Government received N580.942 billion, states received N294.661 billion, and local governments received N227.172 billion. The oil-producing states received the N157.254 billion derivation allocation from this component.

The N747.088 billion VAT revenue was shared with the Federal Government receiving N74.709 billion, states receiving N410.898 billion, and local government councils receiving N261.481 billion.

Similarly, the N250 billion augmentation was distributed with the Federal Government receiving N131.700 billion, states receiving N66.800 billion, and local governments receiving N51.500 billion.

The April allocation underscores continued growth in federally collected revenue despite weaker earnings from some petroleum-related taxes. Stronger inflows from Companies Income Tax, import duties, VAT, and oil and gas royalties helped offset declines in Petroleum Profit Tax and Hydrocarbon Tax, leading to a larger distributable pool for the three tiers of government.

The rise in both statutory and VAT revenues contributed significantly to the higher allocation, providing additional fiscal resources to support government operations, infrastructure development, and social service delivery across the country.