More money in the pot for FG, states and LGs this April — but where’s it all coming from? cbinews.tv spills the details.

Here’s the gist, courtesy of cbinews.tv:

The Federation Account Allocation Committee (FAAC) just shared out a whopping **N2.26 trillion** for April 2026. That’s **N217bn more** than what landed in March, or a 10.6% jump if you’re into percentages.

The news dropped on Monday in a statement from Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant-General of the Federation, right after FAAC wrapped up its meeting in Abuja.

So, where did the N2.26trn come from?

- Statutory revenue: N1.260trn

- VAT revenue: N747.088bn

- Augmentation: N250bn

Altogether, that makes the N2.26trn that went to the Federal Government, states and local government councils.

Before sharing, total gross revenue for April hit **N3.184trn**. From that, FAAC took out N113.756bn for cost of collection, plus N813.839bn for transfers, refunds and savings.

The big movers this month

Collections were up across the board compared to March:

- Gross statutory revenue: Climbed to N2.378trn from N1.699trn — that’s N678.224bn extra.

- Gross VAT revenue: Rose to N806.617bn from N664.425bn — up N142.192bn.

FAAC says the boost came from stronger collections in Companies Income Tax, Capital Gains Tax, Stamp Duties, Import Duty, Oil and Gas Royalty, and VAT. On the flip side, Petroleum Profit Tax and Hydrocarbon Tax dropped considerably, while Excise Duty and CET Levies slipped just a bit.

Who got what?

Of the N2.257trn distributable revenue:

- Federal Government: N787.351bn

- State Governments: N772.360bn

- Local Government Councils: N540.152bn

- Oil-producing states: N157.254bn as 13% derivation

Bottom line: April was a bumper month for government coffers, driven by better tax and VAT receipts. Let’s see if the trend holds.

Source: cbinews.tv

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