•Naira notes
The Federal Government, States, and the Local Government Councils have shared approximately N2.26 trillion in April 2026 Federation Account Revenue.
The income was shared at the May 2026 Federation Account Allocation Committee (FAAC) meeting held in Abuja recently, according to a statement by the Director (Press and Public Relations) Office of the Accountant General of the Federation (OAGF), Bawa Mokwa, on Monday.
Total distributable revenue comprised distributable statutory revenue of N1.260 trillion, distributable Value Added Tax (VAT) revenue of N747.088 billion, and augmentation of N250 billion.
Citing a communiqué issued after the FAAC meeting, the statement indicated that total gross revenue of N3.184 trillion was available in the month of April 2026, adding that total deduction for cost of collection was N113.756 billion while total transfers, refunds, and savings were N813.839 billion.
Gross statutory revenue of N2.378 trillion was received for April 2026, higher than the sum of N1.699 trillion received in the preceding month by N678.224 billion.
Gross revenue of N806.617 billion was available from the Value Added Tax (VAT) in April 2026, also higher than the N664.425 billion available in March 2026 by N142.192 billion.
The communiqué stated that from the N2.257 trillion total distributable revenue, FG received a total sum of N787.351 billion, and the State Governments got N772.360 billion.
The Local government Council received N540.152 billion, while the sum of N157.254 billion (13% of mineral revenue) was shared with the benefiting State as derivation revenue.
On the N1.260 trillion distributable statutory revenue, the communiqué stated that FG received N580.942 billion and the State Governments, N294.661 billion.
The Local Government Councils received N227.172 billion, and the sum of N157.254 billion (13% of mineral revenue) was shared among the benefiting States as derivation revenue.
From the N747.088 billion distributable Value Added Tax (VAT) revenue, the FG received N74.709 billion, the States, N410.898 billion, and the Local Government Councils, N261.481 billion.
While FG received N131.700 billion from the N250.000 billion, the State Government received N66.800 billion, and the Local Government received N51.500 billion.
In April 2026, Companies Income Tax (CIT), CGT, SDT, Import Duty, Oil and Gas Royalty, and Value Added Tax (VAT) increased significantly, while Petroleum Profit Tax (PPT) and Hydrocarbon Tax (HT) decreased considerably.
The statement added that Excise Duty and CET Levies decreased marginally during the month under review.
