FAAC shares N2.04tn to FG, states, LGs as March revenue

The national government, states and section authorities councils shared a full of N2.036 trillion arsenic Federation Account gross for March 2026.

The fig was disclosed connected Wednesday successful a connection issued by the spokesperson for the Office of the Accountant General of the Federation, Bala Mokwa.

According to the statement, the full distributable gross comprised N1.320 trillion successful statutory revenue, N515.391 cardinal from value-added taxation (VAT), and N200 cardinal arsenic augmentation.

A communiqué from the Federation Account Allocation Committee (FAAC) indicated that gross statutory gross roseate to N1.699 trillion successful March, up by N137.914 cardinal from the N1.561 trillion recorded successful February.

In contrast, VAT gross dipped slightly, with N664.425 cardinal generated successful March compared to N668.450 cardinal successful the erstwhile month—a alteration of N4.025 billion.

From the full distributable gross of N2.036 trillion, the national authorities received N789.159 billion, authorities governments got N657.596 billion, and section authorities councils were allocated N468.826 billion. Additionally, oil-producing states received N120.759 billi...