The Federation Account Allocation Committee (FAAC) has distributed a total of N2.036 trillion as revenue for March 2026 to the federal, state, and local governments.
According to a statement from the Office of the Accountant General of the Federation, the distributable sum included N1.320 trillion in statutory revenue, N515.391 billion from VAT, and N200 billion as augmentation.
Out of the total, the federal government received N789.159 billion, states got N657.596 billion, while local government councils were allocated N468.826 billion. Oil-producing states also received N120.759 billion as 13% derivation.
While revenue from taxes such as Companies Income Tax and Excise Duty recorded gains, earnings from petroleum-related sources and VAT saw slight declines during the period.