FAAC shares N2.257 trillion to FG, states, LGs for April 2026

N2.257 trillion shared: FG, states, LGs get April

revenue boost

The Federation Account Allocation Committee (FAAC) has shared a total of N2.257 trillion among the federal government, state governments, and local government councils for April 2026. This is the money generated from taxes, oil royalties, and other sources that the three tiers split every month.

Bawa Mokwa, Director of Press and Public Relations in the Office of the Auditor-General of the Federation (OAGF), announced the figures in a statement on Monday in Abuja. He said the revenue was shared at the May 2026 FAAC meeting held recently.

The total distributable revenue came from three main pots: N1.260 trillion in statutory revenue (the general pool from taxes and oil), N747.088 billion from Value Added Tax (VAT), and a N250 billion augmentation — extra money the government added to top up the allocation.

From the total, the federal government took N787.351 billion. State governments got N772.360 billion, local government councils received N540.152 billion, and N157.254 billion (13% of mineral revenue) went to oil-producing states as derivation revenue — their extra share for hosting oil wells.

Where the money came from

FAAC reported that total gross revenue available in April 2026 was N3.184 trillion. After deducting N113.756 billion for the cost of collection and N813.839 billion for transfers, refunds, and savings, the remaining N2.257 trillion was shared.

Gross statutory revenue — mostly from companies income tax, import duties, and oil royalties — hit N2.378 trillion in April. That's N678.224 billion higher than the N1.699 trillion collected in March 2026. VAT also grew: gross VAT revenue was N806.617 billion, up N142.192 billion from March's N664.425 billion.

Mokwa said Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duties (SDT), Import Duty, Oil and Gas Royalty, and VAT all increased significantly in April. But Petroleum Profit Tax (PPT) and Hydrocarbon Tax (HT) dropped considerably. Excise Duty and CET Levies decreased marginally.

How each tier fared

From the statutory revenue of N1.260 trillion, the federal government got N580.942 billion, states took N294.661 billion, local governments received N227.172 billion, and N157.254 billion went to oil-producing states as derivation.

From the VAT pool of N747.088 billion, the federal government got N74.709 billion (the smallest share, because VAT is designed to give more to states and LGs). State governments received N410.898 billion, and local governments got N261.481 billion.

From the N250 billion augmentation, the federal government took N131.700 billion, states got N66.800 billion, and local governments received N51.500 billion.

April's revenue is a significant jump from March, driven largely by stronger non-oil taxes like CIT and VAT. The drop in oil taxes — PPT and Hydrocarbon Tax — suggests lower production or prices, but the overall take still rose because of improved collection from other sources.

For state and local governments, the extra cash from the augmentation and higher VAT revenue means more money for salaries, projects, and debt servicing. But with inflation still biting, whether this translates into better services depends on how each state manages its share.