Nigeria, April 23 -- Details released after the April meeting of the Federation Account Allocation Committee show that gross statutory revenue increased to around N1.7 trillion, up from N1.56 trillion in February.

Stronger income tax collections from businesses, capital gains tax, stamp duties, and excise duties mostly powered the rise.



Compared with the prior month, value-added tax collections dropped slightly to N664.4 billion.



Of the total distributable income, the federal government received roughly N789.2 billion, state administrations got N657.6 billion, and local government councils shared N468.8 billion. States producing oil got over N120.7 billion in derivation revenue as well.



Even while income from petroleum-relat...