The sum of N2.036 trillion has been disbursed to the three tiers of government from the total gross revenue of N2.364 trillion generated in March 2026 by the nation.
The amount shared by the federal government, the 36 state governments, and the 774 local government areas of the federation in April 2026 comprised distributable statutory revenue of N1.320 trillion, distributable Value Added Tax (VAT) revenue of N515.391 billion, and an augmentation of N200 billion.
At the Federation Account Allocation Committee (FAAC) meeting held in Abuja, participants were informed that a gross statutory revenue of N1.699 trillion was received for last month, higher than the N1.561 trillion earned in the preceding month, while the gross revenue from VAT stood at N664.425 billion in March 2026 versus N668.450 billion available in February 2026.
A statement issued on Wednesday from the Office of the Accountant General of the Federation revealed that last month, Companies Income Tax (CIT), CGT, SDT, and excise duty increased significantly, while Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT), Oil and Gas Royalty, Import Duty, and CET decreased considerably.
In the statement signed by the Director of Press and Public Relations, Bawa Mokwa, it was stated that, “Total deduction for cost of collection was N81.084 billion, while total transfers, refunds, and savings were N246.872 billion and an augmentation of N200 billion.”
From the N2.036 trillion distributable revenue, the federal government received N789.159 billion, the state governments got N657.596 billion, while the councils shared N468.826 billion, with the benefiting states given N120.759 billion as 13 per cent of mineral revenue derivative.
It was stated that on the N1.320 trillion distributable statutory revenue, the central government was given N632.260 billion, the states shared N320.691 billion, the local government councils got N247.239 billion, and the oil-producing states received N120.759 billion as 13 per cent derivation revenue.
Further, from the N515.391 billion distributable VAT, the national government took N51.539 billion, the states went away with N283.465 billion, and the local councils shared N180.387 billion.
Lastly, from the N200.000 augmentation, N105.360 billion was given to the federal government, N53.440 billion was disbursed to the state governments, and N41.200 billion was received by the councils.
