1. The Federation Account Allocation Committee (FAAC) disbursed the sum of ₦1.87 trillion to the three tiers of government in April 2024 from the total revenue generated in March 2024.

2. The amount disbursed comprised:

• ₦1.02 trillion recorded from the Statutory Account,

• ₦285.52 billion from Exchange Gain,

• ₦15.37 billion from Electronic Money Transfer Levy (EMTL), and

• ₦549.70 billion from Value Added Tax.

3. The allocations to the three tiers of government for April 2024 were:

• Federal Government with a total of ₦345.89 billion

• States with a total of ₦398.69 billion, and

• Local Governments with a total of ₦288.69 billion.

4. The sum of ₦90.12 billion was shared among the oil-producing states from the 13% derivation fund.

5. The revenue generating agencies comprising Nigeria Customs Service (NCS), Federal Inland Rev enue Service (FIRS), and Nigerian Upstream Petroleum Regulatory Commission (NUPRC) received ₦23.53 billion, ₦30.13 billion, and ₦15.87 billion respectively, as cost of revenue collections.. 

Data source: National Bureau of Statistics

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