The Federation Account Allocation Committee (FAAC) has disbursed a total of N1.578 trillion among the Federal Government, 36 states, and 774 local government councils as revenue generated in March 2025.
This was disclosed in a communiqué issued after FAAC’s monthly meeting held on Tuesday in Abuja.
The total distributable revenue comprises:
Statutory Revenue: N931.325 billion
Value Added Tax (VAT): N593.750 billion
Electronic Money Transfer Levy (EMTL): N24.971 billion
Exchange Difference Revenue: N28.711 billion
FAAC reported that a gross revenue of N2.411 trillion was available for the month, out of which N85.376 billion was deducted for collection costs and N747.180 billion allocated for transfers, interventions, and refunds.
Compared to February 2025, the gross statutory revenue rose by N65.422 billion to N1.718 trillion, while VAT revenue dropped by N16.838 billion to N637.618 billion.
Revenue Distribution Breakdown
From the total distributable revenue of N1.578 trillion:
Federal Government: N528.696 billion
State Governments: N530.448 billion
Local Government Councils: N387.002 billion
Derivation Revenue (13% of mineral revenue): N132.611 billion to oil-producing states
Statutory Revenue (N931.325 billion):
FG: N422.485 billion
States: N214.290 billion
LGs: N165.209 billion
Derivation: N129.341 billion
VAT Revenue (N593.750 billion):
FG: N89.063 billion
States: N296.875 billion
LGs: N207.813 billion
EMTL (N24.971 billion):
FG: N3.746 billion
States: N12.485 billion
LGs: N8.740 billion
Exchange Difference Revenue (N28.711 billion):
FG: N13.402 billion
States: N6.798 billion
LGs: N5.241 billion
Derivation: N3.270 billion
FAAC noted a significant rise in revenue from Petroleum Profit Tax (PPT) and Companies Income Tax (CIT) during the month under review. However, revenue from Oil and Gas Royalties, EMTL, VAT, excise duty, import duty, and Common External Tariff (CET) levies recorded a decline.
The committee reaffirmed its commitment to ensuring equitable and transparent revenue distribution among the tiers of government to support economic development across the country.
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