Nigerian federal, state, and local governments share N2.26 trillion in April revenue
via Punch Nigeria2 min read
The Federation Account Allocation Committee FAAC distributed N2.26 trillion among the Federal Government, states, and local government councils as April 2026 revenue. This represents an increase of N217 billion from the N2.04 trillion shared in the previous month, marking a 10.6 percent rise. The total gross revenue available in April was N3.184 trillion. The distributable revenue included N1.260 trillion in statutory revenue, N747.088 billion in Value Added Tax VAT revenue, and N250 billion in augmentation. Gross statutory revenue increased to N2.378 trillion in April from N1.699 trillion in March, while gross VAT revenue rose to N806.617 billion from N664.425 billion. The committee attributed the improved revenue performance to increased collections from Companies Income Tax, CGT, SDT, Import Duty, Oil and Gas Royalty, and Value Added Tax, despite decreases in Petroleum Profit Tax and Hydrocarbon Tax. Of the N2.257 trillion distributable revenue, the Federal Government received N787.351 billion, state governments received N772.360 billion, and local government councils received N540.152 billion. Oil-producing states shared N157.254 billion as 13 percent derivation revenue.
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This summary was AI-generated from a story originally published by Punch Nigeria.
Spain coach Luis de la Fuente has decided to start teenage player Lamine Yamal on the bench for the team's 2026 FIFA World Cup match against Cape Verde. Spain, considered a tournament favorite, is playing against debutants Cape Verde at the Mercedes-Benz Stadium in Atlanta. Transfer journalist Fabrizio Romano shared on X that Yamal was listed among the substitutes for the Group H match, despite earlier assurances about his fitness. Coach De la Fuente had previously stated in a pre-match press conference that Yamal was in "PERFECT conditions" and ready to play after recovering from a recent injury. Social media users reacted to the news, with many suggesting it was a cautious approach to manage the young player's workload during a long tournament. Comments included observations that a rested Yamal coming off the bench against tired legs would be effective, and that it was good he started from the bench as he had not played since his injury. Others noted that he might not be fit for 90 minutes and there was no need to risk further injury, calling it a smart move for a 17-year-old. Spain enters the tournament with high expectations after their Euro 2024 success, where Yamal was a standout performer. Cape Verde faces a challenge against Spain, even without Yamal in the initial lineup. The match is expected to test Spain's team depth as they aim to advance from the group stage, with fans anticipating Yamal's involvement as the tournament progresses.
The Federal High Court in Kaduna has adjourned the trial of former Kaduna State Governor Nasir El-Rufai until June 24, 2026. The adjournment occurred because two co-defendants were absent from court. El-Rufai, who was present, is facing allegations of abuse of office, financial impropriety, and fraud during his tenure as governor, brought by the Independent Corrupt Practices and Other Related Offences Commission. The prosecution alleges that public funds were released for projects that were either not executed or handled irregularly. El-Rufai has consistently denied the allegations, stating that all actions taken during his administration were lawful. The charges stem from ICPC investigations into contract awards, execution, and public fund management between 2015 and 2023. The trial has garnered significant public attention due to El-Rufai's political prominence.
The Federal High Court in Abuja has ordered the deregistration of five political parties, including the African Democratic Congress ADC, Accord A, Action Alliance AA, Action Peoples Party APP, and Zenith Labour Party ZLP. Justice Peter Lifu issued the judgment, directing the Independent National Electoral Commission INEC to deregister these parties for failing to meet constitutional requirements. The court found that the parties did not secure 25 percent of the votes in the last general elections, as mandated by law. Justice Lifu dismissed preliminary objections from the defendants and instructed INEC to bar these parties from participating in future elections, including the 2027 general elections. The suit, filed by the Incorporated Trustees of the National Forum of Former Legislators, argued that the affected parties failed to meet constitutional requirements regarding electoral spread and performance, asserting that none of the defendants effectively countered their arguments.