Nigeria's three tiers of government shared N616.19 billion ($1.71 billion) from the federation account as revenue allocation for the month of April.
In a statement issued on Tuesday at the end of the Federation Account Allocation Committee (FAAC) meeting at the Ministry of Finance, the government said gross statutory revenue for the month of April was N518.91 billion.
The figure was N72.26 billion higher than the N446.64 billion received in the previous month of March.
In the month of April, the government made N512.6 billion from statutory distributable revenue and N96.4 billion from VAT.
The breakdown is giving below:
In its Quarterly Review publication, the Nigerian Extractive Industries Transparency Initiative (NEITI) raised alarm over dwindling federal revenue and allocations.
The transparency agency said the combined net disbursements from the Federation Allocation Account Committee (FAAC) to the 36 states and the Federal Capital Territory in the last two years can hardly fund the 2019 budgets of 35 states.
The report also shows that the total FAAC disbursement to the states and Abuja between January and March 2019 dropped significantly as a result of declining global oil prices, slightly affecting government earnings.
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