FAAC: FG, States, LGs share N2.036trn in March 2026
Omeiza Bilal
A total sum of N2.036 trillion was shared to the Federal, States and Local Government Councils as March allocation from the federation account.
The revenue was shared at the April 2026 Federation Account Allocation Committee (FAAC) meeting held in Abuja.
The N2.036 trillion total distributable revenue comprised distributable statutory revenue of N1.320 trillion, distributable Value Added Tax (VAT) revenue of N515.391 billion and augmentation of N200 billion.
A communiqué issued by the Federation Account Allocation Committee (FAAC) indicated that total gross revenue of N2.364 trillion was available in the month of March 2026. Total deduction for cost of collection was N81.084 billion while total transfers, refunds and savings was N246.872 billion and augmentation of N200 billion.
The Committee stated that gross statutory revenue of N1.699 trillion was received for the month of March 2026. This was higher than the sum of N1.561 trillion received in the preceding month by N137.914 billion.
A breakdown showed that gross revenue of N664.425 billion was available from the Value Added Tax (VAT) in March 2026; the amount was lower than the N668.450 billion available in the month of February 2026 by N4.025 billion.
According to FAAC, from the N2.036 trillion total distributable revenue, the Federal Government received the total sum of N789.159 billion and the State Governments received total sum of N657.596 billion. While the Local government Council received N468.826 billion. The sum of N120.759 billion (13% of mineral revenue) was shared to benefiting State as derivation revenue.
Out of the N1.320 trillion distributable statutory revenue, the Federal Government received N632.260 billion and the State Governments received N320.691 billion and the Local Government Councils got N247.239 billion, with N120.759 billion (13% of mineral revenue) shared to benefiting States as derivation revenue.
Value Added Tax (VAT) revenue of N515.391 billion was distributed accordingly with the Federal Government receiving N51.539 billion, State Governments got N283.465 billion and the Local Government Councils received N180.387 billion.
From the N200.000 Augmentation the Federal Government received N105.360 billion, while the State Government received N53.440 billion and the Local Government Council received N41.200 billion.
The Committee noted that in March 2026, Companies income Tax (CIT), CGT, SDT and Excise Duty increased significantly while Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT), Oil and Gas Royalty, Import Duty and CET decreased considerably just as Value Added Tax (VAT) decreased marginally.
