35.4 C
Lagos
Saturday, February 21, 2026

FG, States share N281.5 billion in April

Share this:

The Federal Government, states and local governments have shared N281.500 billion from federation revenue that accrued to the nation in the month of April.

The figure represented a decline of about N18.2 billion compared to the N299.74 billion shared last month. 

The Minister of Finance, Mrs Kemi Adeosun, who briefed journalists at the end of the Federation Account Allocation Committee, FAAC, meeting in Abuja yesterday, blamed low oil receipts for the low revenue.

The Federal Government took N110.612 billion; states, N82. 663 billion and local governments, N60.904 billion. Oil-producing states got an additional N15 billion in derivation. 

READ ALSO:  Nigeria opens e-passport centre in Canada

The revenue collection agencies deducted costs of collection under which the Federal Inland Revenue Service, FIRS, took N4.822 billion; Nigeria Customs Service, N2.489 billion, while Department of Petroleum Resources, DPR, got N1.198 billion

Share this:
RELATED NEWS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Latest NEWS

Trending News

Get Notifications from DDM News Yes please No thanks