The Federal Government, state governments, and Local Government Councils (LGCs) have shared a total of N2.257 trillion from the Federation Account for April 2026, the Federation Account Allocation Committee (FAAC) announced.
The disbursement took place at the May 2026 FAAC meeting in Abuja, chaired by the Minister of Finance and Coordinating Minister of the Economy.
Revenue breakdown
The N2.257 trillion distributable revenue comprised:
| Component | Amount |
| Statutory Revenue | N1.260 trillion |
| Value Added Tax (VAT) | N747.088 billion |
| Augmentation | N250 billion |
From a gross total revenue of N3.184 trillion available in April 2026, deductions for cost of collection amounted to N113.756 billion, while transfers, refunds, and savings totaled N813.839 billion.
Allocation to tiers of government
From the N2.257 trillion:
- Federal Government: N787.351 billion
- State Governments: N772.360 billion
- Local Government Councils: N540.152 billion
- Derivation (13% mineral revenue): N157.254 billion to benefiting states.
VAT distribution breakdown
From the N747.088 billion VAT revenue:
- Federal Government: N74.709 billion
- States: N410.898 billion
- LGs: N261.481 billion.
Month-on-month performance
April 2026 saw significant improvements over March 2026:
- Gross statutory revenue: N2.378 trillion (up by N678.224 billion from March’s N1.699 trillion)
- VAT gross revenue: N806.617 billion (up by N142.192 billion from March’s N664.425 billion).
Tax performance highlights
In April 2026, significant increases were recorded in:
- Companies’ Income Tax (CIT)
- Capital Gains Tax (CGT)
- Stamp Duties (SDT)
- Import Duty
- Oil and Gas Royalty
- Value Added Tax (VAT)
Meanwhile, considerable decreases were seen in:
- Petroleum Profit Tax (PPT)
- Hydrocarbon Tax (HT)
Excise duty and CET levies decreased marginally.
This allocation marks another strong revenue performance for Nigeria’s public finances, with April’s distribution exceeding the March 2026 allocation of N2.036 trillion by approximately N221 billion.
