The Federation Account Allocation Committee (FAAC) says a total of N2.03 trillion was shared among the federal, state, and local governments for March 2026.
The allocation was finalised at FAAC’s April meeting held in Abuja, according to an official communiqué.
Breakdown of revenue
The distributable sum comprised:
- N1.32 trillion from statutory revenue
- N515.39 billion from Value Added Tax (VAT)
- N200 billion as augmentation
FAAC said total gross revenue for the month stood at N2.36 trillion, with N81.08 billion deducted as cost of collection and N246.87 billion allocated for transfers, refunds, and savings.
Distribution across tiers of government
From the N2.03 trillion shared:
- Federal Government received N789.15 billion
- State governments got N657.59 billion
- Local Government Councils received N468.82 billion
In addition, N120.75 billion (13% of mineral revenue) was distributed to oil-producing states as derivation.
VAT and statutory allocations
From the VAT pool:
- Federal Government: N51.53 billion
- States: N283.46 billion
- Local governments: N180.38 billion
From statutory revenue:
- Federal Government: N632.26 billion
- States: N320.69 billion
- Local governments: N247.24 billion
Revenue trends
FAAC noted that revenue from Company Income Tax, Capital Gains Tax, stamp duties, and excise duties increased during the period.
However, earnings from petroleum-related sources—including petroleum profit tax, hydrocarbon tax, oil and gas royalties—as well as import duties declined. VAT revenue also recorded a slight drop compared to February, marking the second consecutive monthly decrease.
Overall, the distribution reflects mixed revenue performance, with non-oil sources showing improvement while oil-related inflows continue to fluctuate.
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