FAAC Approved ₦2.257 Trillion in May—but Nigerians Only Found Out Today June 15
..........FAAC Shares ₦2.257 Trillion April 2026 Revenue to FG, States, LGs as Collections Surge
By Passman Akpos
The Federation Account Allocation Committee (FAAC) has distributed a total of ₦2.257 trillion as revenue generated in April 2026 to the Federal Government, state governments, and local government councils across Nigeria.
The allocation was approved during the FAAC meeting held in Abuja and details of the distribution were made public on Monday, June 15, 2026, through an official communiqué issued after the committee’s deliberations.
According to the communiqué, the total distributable revenue of ₦2.257 trillion consisted of ₦1.260 trillion statutory revenue, ₦747.088 billion Value Added Tax (VAT) revenue, and ₦250 billion augmentation.
Gross Revenue Hits ₦3.184 Trillion
FAAC disclosed that the total gross revenue available in April 2026 stood at ₦3.184 trillion. However, before distribution, ₦113.756 billion was deducted as the cost of revenue collection, while ₦813.839 billion was allocated to transfers, refunds, and savings.
The committee also reported a significant increase in statutory revenue performance during the month. Gross statutory revenue rose to ₦2.378 trillion in April, representing an increase of ₦678.224 billion compared to the ₦1.699 trillion recorded in March 2026.
Similarly, VAT collections recorded strong growth. Gross VAT revenue increased from ₦664.425 billion in March to ₦806.617 billion in April, reflecting an increase of ₦142.192 billion.
How the Revenue Was Shared
Out of the total distributable sum of ₦2.257 trillion:
The Federal Government received ₦787.351 billion
The 36 states received ₦772.360 billionThe 774 local government councils received ₦540.152 billion
Oil-producing states received ₦157.254 billion as 13% derivation revenue
Breakdown of Statutory Revenue AllocationFrom the ₦1.260 trillion statutory revenue:Federal Government received ₦580.942 billionStates received ₦294.661 billion
Local Governments received ₦227.172 billionDerivation allocation amounted to ₦157.254 billion
VAT Distribution
From the ₦747.088 billion VAT revenue:Federal Government received ₦74.709 billionStates received ₦410.898 billion
Local Governments received ₦261.481 billionAugmentation SharingThe ₦250 billion augmentation was shared as follows:
Federal Government: ₦131.700 billionStates: ₦66.800 billionLocal Governments: ₦51.500 billionRevenue Sources Show Mixed PerformanceFAAC noted that several major revenue sources posted positive growth during the period. These include:
Companies Income Tax (CIT)
Capital Gains Tax (CGT)
Stamp Duties
Import Duties
Oil and Gas Royalties
Value Added Tax (VAT)
However, revenue from some sources declined during the month, including
Petroleum Profit Tax (PPT)
Hydrocarbon Tax
Excise Duties
Common External Tariff (CET) LeviesPositive Signal for Government SpendingThe latest allocation represents one of the highest monthly FAAC distributions in recent years and is expected to provide significant fiscal relief for federal, state, and local governments. Analysts say the increased revenue could boost infrastructure development, salary payments, social programmes, and capital projects across the country, particularly at a time when many subnational governments are seeking to reduce dependence on borrowing.
The strong growth in statutory revenue and VAT collections also reflects improved government revenue mobilisation efforts and continued expansion in key sectors of the Nigerian economy.
