The cost of collecting federal revenue rose to N81.084 billion in March 2026, a 4.89 per cent increase from the N77.302 billion recorded in February, according to the Federation Account Allocation Committee.
The figures were contained in a communiqué issued after FAAC’s April meeting, where a total of N2.036 trillion was shared among the three tiers of government.
Gross revenue for the month stood at N2.364 trillion, up 6.01 per cent from N2.230 trillion in February.
Despite the rise in absolute collection costs, the cost-to-revenue ratio edged down slightly to 3.43 per cent from 3.47 per cent, representing an improvement of 0.04 percentage points.
Statutory revenue recorded the strongest growth, climbing 8.83 per cent to N1.699 trillion from N1.561 trillion in the previous month.
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Value Added Tax collections dipped 0.60 per cent to N664.425 billion from N668.450 billion over the same period.
The Federal Government received N789.159 billion, a 16.90 per cent jump from N675.088 billion in February.
State governments were allocated N657.596 billion, up 0.93 per cent, while local government councils received N468.826 billion, an increase of 2.71 per cent.
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Derivation revenue for oil-producing states grew 8.84 per cent to N120.759 billion from N110.949 billion in the prior month.
The FAAC data reflects the ongoing dynamics of revenue generation and distribution amidst efforts to moderate collection expenses.
