FAAC: FG, states, LGs share N2.257tn April revenue

The Federal Government, states and section authorities councils shared a full sum of N2.257 trillion from the Federation Account successful April.

Director, Press and Public Relations, Office of the Accountant General of the Federation, Bawa Mokwa, disclosed this successful a connection on Monday.

The gross was shared astatine the May 2026 Federation Account Allocation Committee, FAAC, gathering held successful Abuja.

The N2.257 trillion full distributable gross comprised distributable statutory gross of N1.260 trillion , distributable Value Added Tax, VAT, gross of N747.088 billion, and augmentation of N250.000 billion.

This indicated that full gross gross of N3.184 trillion was disposable successful the period of April 2026. The full deduction for outgo of postulation was N113.756 billion, portion full transfers, refunds, and savings were N813.839 billion.

According to the statement, gross statutory gross of N2.378 trillion was received for the period of April 2026. This was higher than the sum of N1.699 trillion received successful the preceding period by N678.224 billion.

Gross gross of N806.617 cardinal was disposable from VAT successful April 2026. This was higher than the N664.425 cardinal disposable successful the period of March 2026 by N142.192 billion.

The communiqué stated that from the N2.257 trillion full distributable revenue, ...