ABUJA, Nigeria – The Federation Account Allocation Committee (FAAC) has shared a total of ₦2.257 trillion among the Federal Government, state governments, local government councils, and oil-producing states from revenue generated in April 2026.
The distribution was approved during the committee’s May 2026 meeting held in Abuja.
According to the allocation breakdown, the Federal Government received ₦787.351 billion, while the 36 states shared ₦772.360 billion. Local government councils received ₦540.152 billion, while oil-producing states were allocated an additional ₦157.254 billion as 13 per cent derivation revenue.
The increase in distributable revenue was largely attributed to improved collections from Value Added Tax (VAT), which rose to ₦806.617 billion, as well as growth in gross statutory revenue, which reached ₦2.378 trillion during the period under review.
Revenue inflows were boosted by higher receipts from Companies Income Tax, royalties, and several other government revenue sources.
However, FAAC noted that some revenue streams, including Petroleum Profit Tax, recorded declines during the month.
The latest allocation comes as governments at all levels face increasing pressure to address economic challenges, improve infrastructure, strengthen security, and expand access to healthcare and social services amid persistent inflationary pressures.
The revenue sharing also follows the implementation of direct allocations to local government councils after the landmark Supreme Court ruling that reaffirmed local government financial autonomy.
Many Nigerians reacting online called for greater transparency and accountability in the use of public funds, urging authorities to channel the resources towards projects that directly improve citizens’ welfare.
African News Digest reports that the April 2026 revenue allocation reflects continued growth in non-oil revenue sources, particularly VAT and corporate taxes, as governments seek to diversify earnings beyond crude oil receipts.
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