The Federation Account Allocation Committee (FAAC) disbursed a total of N2.257 trillion to federal, state, and local governments in April 2026, up from N2.03 trillion in the previous month. The allocation was drawn from a total gross revenue of N3.184 trillion, which included N2.378 trillion in statutory revenue and N806.617 billion in Value Added Tax (VAT) collections. This marked an increase from March 2026's gross revenue of N2.364 trillion.
Distributable revenue comprised N1.260 trillion in statutory revenue, N747.088 billion in VAT, and N250.000 billion in augmentation. The federal government received N787.351 billion overall, while state governments received N772.360 billion and local governments N540.152 billion. The 13% derivation revenue amounted to N157.254 billion, shared with oil-producing states.
Breaking down the statutory allocation, the federal government received N580.942 billion, states got N294.661 billion, and local councils received N227.172 billion. On VAT, the federal government received N74.709 billion, states N410.898 billion, and local governments N261.481 billion. The federal share of the augmentation fund was N131.700 billion, states received N66.800 billion, and local councils N51.500 billion. Total deductions for cost of collection stood at N113.756 billion, with N813.839 billion allocated to transfers, refunds, and savings.
The federal government collected more than double the statutory revenue it disbursed to states, yet still received over half of the augmentation fund. States that depend heavily on FAAC allocations saw their shares increase marginally despite rising national revenue. The VAT distribution favoured states more than the federal government, contradicting the pattern in statutory revenue sharing. This imbalance deepens the financial asymmetry between the tiers of government.
Editorial note: AI-assisted opinion, not established fact. Full disclaimer →
