Nigeria’s three tiers of government have shared over two trillion naira from the Federation Account for March, offering fresh insight into revenue distribution and its impact on public services.
A total of ₦2.036 trillion was distributed to the Federal, State, and Local Governments, up from about ₦1.9 trillion in February—an increase of roughly ₦142 billion, largely driven by higher statutory revenue.
The allocation was approved at the Federation Account Allocation Committee meeting in Abuja.
The breakdown shows the Federal Government received about ₦789 billion, States ₦657 billion, while Local Government Councils got nearly ₦469 billion.
An additional ₦120 billion was shared as derivation revenue to oil-producing states.
Total distributable revenue comprised statutory earnings, Value Added Tax, and a ₦200 billion augmentation.
Overall, gross government revenue for the month stood at about ₦2.364 trillion, slightly higher than February, driven by increases in Company Income Tax, excise duties, and other non-oil revenues.
However, oil-related earnings, including petroleum profit tax and royalties, declined, reflecting continued volatility in the sector.
For many Nigerians, the focus now shifts to impact, whether these allocations translate into improved infrastructure, salaries, and basic services.
(Editor: Ada Ononye)
