The Federation Account Allocation Committee don share N2.26 trillion to the Federal Government, states and local government councils as April 2026 revenue, showing an increase of N217 billion from the N2.04 trillion wey dem shared the previous month.
According to the report, the increase for revenue come because government collect more money from Companies Income Tax (CIT), Value Added Tax (VAT), Import Duty, Capital Gains Tax (CGT), Stamp Duty (SDT) and oil and gas royalties, even though money wey come from some petroleum taxes reduce.
Out of the N2.26 trillion wey FAAC share, the Federal Government collect N787.35 billion, states receive N772.36 billion, while local governments get N540.15 billion. Oil-producing states still receive N157.25 billion as their 13% derivation allocation.
The money wey dem share include N1.26 trillion statutory revenue, N747.09 billion VAT revenue, and N250 billion augmentation. Before dem share the money, government first remove N113.76 billion for collection costs, while N813.84 billion go for transfers, refunds and savings.
This latest allocation show 10.6% increase compared to the previous month, giving the Federal Government, states and local councils more money to fund infrastructure projects, provide public services and take care of other important expenses.
