The federal, state and local governments in Nigeria shared N606.196bn disbursed by the Federation Accounts Allocation Committee via virtual conferencing, according to a communiqué.
The Permanent Secretary of the Federal Ministry of Finance, Budget and National Planning, Dr. Mahmoud Isa-Dutse, chaired the meeting.
The statutory revenue of N370.411bn shared in April represents a difference of N227.265bn from the N597.676bn distributed in March.
The Federal Government received N169.831bn, while the states received N86.140bn and the councils got N66.411bn. Oil-producing states received 32.895bn as 13 per cent derivation.
While the cost of collection/Federal Inland Revenue Service refund/allocation to the North East Development Commission and transfer to the Excess Oil Revenue at N15.134 completes the disbursement.
According to the communiqué, the revenue is made up of Value Added Tax, which dropped by N25.772bn after posting N94.495bn in April as against N120.268bn in March, Exchange Gain, Solid Mineral Revenue, Excess Bank Charges and Excess Oil Revenue.
Revenues from Petroleum Profit Tax, Companies Income Tax, Import and Export Duties, and oil recorded decreases.
