FG N2.257tn revenue sharing sees federal, states and LGs receive April 2026 FAAC allocations amid higher VAT and statutory inflows
The Federation Account Allocation Committee, FAAC, on Monday confirmed that the Federal Government, state governments and local government councils have shared a total of N2.257 trillion for April 2026 revenue in Abuja, marking a significant increase in distributable public funds.
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The announcement was contained in a statement issued by the Director of Press and Public Relations in the Office of the Auditor-General of the Federation, Bawa Mokwa, who disclosed that the allocation followed the May 2026 FAAC meeting held in the Federal Capital Territory.
According to the statement, the FG N2.257tn revenue sharing package comprised statutory revenue of N1.260 trillion, Value Added Tax revenue of N747.088 billion, and an additional augmentation of N250 billion, reflecting improved inflows across key revenue streams.
A breakdown of the distribution showed that the Federal Government received N787.351 billion, while state governments got N772.360 billion.
Local government councils received N540.152 billion, with N157.254 billion allocated to oil-producing states as derivation revenue.
Further details revealed that from the statutory revenue component alone, the Federal Government received N580.942 billion, states received N294.661 billion, and local councils got N227.172 billion, alongside the derivation component for benefiting states.
From the VAT pool, the Federal Government received N74.709 billion, states received N410.898 billion, and local government councils got N261.481 billion.
The augmentation fund also saw allocations of N131.700 billion to the Federal Government, N66.800 billion to states, and N51.500 billion to local governments.
The FG N2.257tn revenue sharing report also indicated notable growth in key revenue sources, with Companies Income Tax, Capital Gains Tax, Stamp Duties, Import Duty, Oil and Gas Royalty, and VAT recording significant increases compared to the previous month.
However, Petroleum Profit Tax and Hydrocarbon Tax recorded declines, while Excise Duty and CET levies experienced marginal reductions within the period under review.
Authorities noted that the improved inflows reflect broader fiscal adjustments and strengthened revenue performance across federal collection agencies.
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The development comes as governments continue to depend heavily on FAAC allocations to finance budgets, infrastructure projects and recurrent expenditures across the federation.
David Okere is a journalist and contributor to Freelanews.com, covering business, governance, public affairs, and human-interest stories with a commitment to accuracy, balance, and public interest reporting.
