Nigeria Disburses N2.036 Trillion as March Revenue to All Tiers of Government

A total of N2.036 trillion, representing the Federation Account Revenue for March 2026, has been distributed among the Federal Government, State Governments, and Local Government Councils.

The revenue allocation was concluded during the April 2026 meeting of the Federation Account Allocation Committee (FAAC) held in Abuja.
The distributable sum of N2.036 trillion comprised N1.320 trillion from statutory revenue, N515.391 billion generated from Value Added Tax (VAT), and an augmentation of N200 billion.
According to a communiqué released by FAAC, the total gross revenue available in March 2026 stood at N2.364 trillion. From this amount, N81.084 billion was deducted as the cost of collection, while N246.872 billion was earmarked for transfers, refunds, and savings, in addition to the N200 billion augmentation.
The communiqué further indicated that gross statutory revenue for March 2026 was N1.699 trillion, marking an increase of N137.914 billion compared to the N1.561 trillion recorded in February.
However, VAT revenue for the month was N664.425 billion, reflecting a slight decrease of N4.025 billion from the N668.450 billion generated in February.
Out of the N2.036 trillion shared, the Federal Government received N789.159 billion, State Governments got N657.596 billion, and Local Government Councils received N468.826 billion. Additionally, N120.759 billion, representing 13 percent of mineral revenue, was allocated to oil-producing states as derivation revenue.
From the N1.320 trillion statutory revenue, the Federal Government received N632.260 billion, States received N320.691 billion, and Local Governments got N247.239 billion. The same N120.759 billion was also distributed to benefiting states as derivation revenue.
Regarding VAT distribution, the Federal Government received N51.539 billion, State Governments got N283.465 billion, and Local Government Councils received N180.387 billion.
From the N200 billion augmentation, the Federal Government received N105.360 billion, States got N53.440 billion, and Local Governments received N41.200 billion.
The report also highlighted that revenues from Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duties (SDT), and Excise Duty recorded notable increases during the period. In contrast, Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT), Oil and Gas Royalty, Import Duty, and Common External Tariff (CET) experienced significant declines, while VAT recorded a marginal drop.