By Sofiat Adenekan-Abdul
The Federation Account Allocation Committee (FAAC) has distributed N2.26 trillion in April 2026 revenue among the Federal Government, state governments, and local government councils, marking an increase of N217 billion from the N2.04 trillion shared in the previous month.
The latest allocation represents a 10.6 per cent rise compared to the March 2026 revenue distributed in April, reflecting improved revenue performance across major sources.
The Director of Press and Public Relations in the Office of the Accountant-General of the Federation, Bawa Mokwa, disclosed the figures in a statement issued on Monday, following the FAAC meeting in Abuja.
According to the statement, the distributable revenue comprises N1.260 trillion from statutory revenue, N747.088 billion from Value Added Tax (VAT), and N250 billion provided as augmentation.
“A total sum of N2.26 trillion, being April 2026 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils,” the statement said.
FAAC also reported that total gross revenue available in April stood at N3.184 trillion.
From this amount, N113.756 billion was deducted as the cost of collection, while N813.839 billion was set aside for transfers, refunds, and savings.
The committee attributed the higher distributable revenue to significant growth in statutory and VAT collections during the month under review.
Gross statutory revenue increased from N1.699 trillion in March to N2.378 trillion in April, representing a rise of N678.224 billion.
Similarly, gross VAT revenue grew from N664.425 billion in March to N806.617 billion in April, an increase of N142.192 billion.
The improved revenue performance is expected to strengthen the fiscal capacity of the three tiers of government, providing additional resources for infrastructure development, public services, and other priority programmes.
The increase comes amid ongoing efforts by government agencies to enhance revenue generation and improve remittances into the federation account.
