The Federation Account Allocation Committee (FAAC) has announced the distribution of a total sum of ₦2.257 trillion, representing April 2026 Federation Account revenue, to the Federal Government, states, and local government councils.

The revenue, which is typically shared in the month following its accrual, was approved at the FAAC meeting held in May 2026 in Abuja, though the communiqué was released on Monday, June 15, 2026.

According to the communiqué, the total distributable revenue of ₦2.257 trillion comprised ₦1.260 trillion in statutory revenue, ₦747.088 billion from Value Added Tax (VAT), and ₦250 billion as augmentation.

FAAC stated that total gross revenue for April stood at ₦3.184 trillion. From this, ₦113.756 billion was deducted as cost of collection, while ₦813.839 billion was recorded as transfers, refunds, and savings.

The communiqué further revealed that gross statutory revenue of ₦2.378 trillion was received in April 2026, representing an increase of ₦678.224 billion compared to the ₦1.699 trillion recorded in March.

VAT revenue also rose to ₦806.617 billion in April, up from ₦664.425 billion in the previous month, reflecting an increase of ₦142.192 billion.

From the ₦2.257 trillion distributable revenue, the Federal Government received ₦787.351 billion, states received ₦772.360 billion, and local government councils got ₦540.152 billion. A total of ₦157.254 billion, representing 13 per cent derivation revenue from mineral earnings, was shared among benefiting states.

From the ₦1.260 trillion statutory revenue, the Federal Government received ₦580.942 billion, states received ₦294.661 billion, while local governments got ₦227.172 billion, with ₦157.254 billion again allocated as derivation.

From the ₦747.088 billion VAT pool, the Federal Government received ₦74.709 billion, states received ₦410.898 billion, and local governments received ₦261.481 billion.

From the ₦250 billion augmentation, the Federal Government received ₦131.700 billion, the states ₦66.800 billion, and local governments ₦51.500 billion.

FAAC also noted that several revenue streams recorded increases in April, including Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duty, Import Duty, Oil and Gas Royalties, and VAT. However, Petroleum Profit Tax (PPT), Hydrocarbon Tax, Excise Duty, and CET levies recorded declines.