FAAC: FG, States, LGs share N1.681trn April revenue

The Federation Account Allocation Committee (FAAC) shared N1.681 trillion to the federal government, states, and the local government councils in April 2025.

The revenue was shared at the May 2025 FAAC meeting held in Abuja on Friday, May 16.

The N1.681 trillion total distributable revenue comprised distributable statutory revenue of N962.882 billion, distributable Value Added Tax (VAT) revenue of N598.077 billion, Electronic Money Transfer Levy (EMTL) revenue of N38.862 billion, and Exchange Difference N81.407 billion.

A communique issued by the FAAC said total gross revenue of N2,848.721 trillion was available in April 2025.

Total deduction for cost of collection was N101.051 billion, while total transfers, interventions, refunds and savings was N1066.442 billion.

The FAAC noted that gross statutory revenue of N2,084.568 trillion was received in April, saying this was higher than the sum of N1,718.973 trillion received in March 2025 by N365.595 billion.

The FAAC stated that gross revenue of N642.265 billion was available from the VAT in April, noting that this was higher than the N637.618 billion available in March by N4.647 billion.

The committee said from the N1,681.228 trillion total distributable revenue, the federal government received N565.307 billion and the state governments received total sum of N556.741 billion.

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The local government council received N406.627 billion, while the sum of N152.553 billion (13% of mineral revenue) was shared to the benefiting state as derivation revenue.

On the N962.882 billion distributable statutory revenue, the FAAC stated that the federal government received N431.307 billion and the state governments received N218.765 billion.

The local government councils received N168.659 billion and the sum of N144.151 billion (13% of mineral revenue) was shared to the benefiting states as derivation revenue.

From the N598.077 billion distributable VAT revenue, the federal government received N89.712 billion, the state governments received N299.039 billion, and the local government councils received N209.327 billion.

The FAAC said N5.829 billion was received by the federal government from the N38.862 billion Electronic Money Transfer Levy (EMTL), state governments received N19.431 billion, and the local government Councils received N13.602 billion.

The FAAC disclosed that from the N81.407 billion Exchange Difference, the federal government received N38.459 billion, while state governments received N19.507 billion.

The local government councils received N15.039 billion, while N8.402 billion (13% of mineral revenue) was shared to the benefiting states as derivation revenue.

The FAAC added that Petroleum Profit Tax (PPT), Oil and Gas Royalty, EMTL, VAT, Excise Duty, Import Duty, and CET Levies increased significantly in April 2025, while Companies Income Tax (CIT) decreased considerably.

The Star