By Boluwatife Oshadiya | June 15, 2026
KEY POINTS
- FAAC disburses N2.257 trillion total distributable revenue for April 2026
- Federal Government receives N787.351 billion, states N772.360 billion, LGs N540.152 billion
- Oil-producing states get N157.254 billion as 13 per cent derivation revenue
- Gross statutory revenue rises to N2.378 trillion, up N678.224 billion from March
- VAT revenue increases significantly, while PPT and Hydrocarbon Tax decline
MAIN STORY
The Federation Account Allocation Committee (FAAC) shared N2.257 trillion — eleven percent more than March’s N2.036 trillion — among the federal, state and local governments for April 2026.
Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant-General of the Federation, disclosed this in a statement on Monday in Abuja, noting the figure was approved at the May 2026 FAAC meeting.
The N2.257 trillion comprised distributable statutory revenue of N1.260 trillion, distributable VAT revenue of N747.088 billion, and an augmentation of N250 billion. Total gross revenue available for the month stood at N3.184 trillion, before a deduction of N113.756 billion for cost of collection and N813.839 billion in transfers, refunds and savings.
From the total pool, the Federal Government received N787.351 billion, states received N772.360 billion, and local government councils received N540.152 billion. Oil-producing states additionally shared N157.254 billion as thirteen percent derivation revenue.
Gross statutory revenue for April rose to N2.378 trillion, an increase of N678.224 billion over March’s N1.699 trillion. VAT revenue also climbed to N806.617 billion from N664.425 billion, a rise of N142.192 billion.
Mokwa said Companies Income Tax, Capital Gains Tax, Stamp Duty Tax, Import Duty, Oil and Gas Royalty, and VAT all increased significantly in April, while Petroleum Profit Tax and Hydrocarbon Tax declined considerably, and Excise Duty and CET Levies fell marginally.
WHAT’S BEING SAID
“In April 2026, Companies Income Tax, CGT, SDT, Import Duty, Oil and Gas Royalty and Value Added Tax increased significantly while Petroleum Profit Tax and Hydrocarbon Tax decreased considerably,” the FAAC communiqué stated, as quoted by Mokwa.
BizWatch Nigeria did not receive immediate comment from state government finance commissioners on the April allocation by press time.
WHAT’S NEXT
The Federation Account Allocation Committee is expected to convene again in June 2026 to share May’s federation revenue. With statutory revenue and VAT both trending upward from March to April, analysts will watch whether the gains hold given mixed performance in oil-linked revenue lines such as Petroleum Profit Tax and Hydrocarbon Tax.
BOTTOM LINE
The Bottom Line: The N221 billion month-on-month jump in distributable revenue signals improving non-oil tax collection even as oil-linked receipts soften — a divergence state governments will need to factor into 2026 budget performance reviews.
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