The Federation Account Allocation Committee (FAAC) has distributed a total of N1.818 trillion in revenue for the month of June 2025 to the Federal Government, state governments, and Local Government Councils (LGs).
This was disclosed in a communiqué issued by the Director of Press and Public Relations at the Office of the Accountant-General of the Federation (OAGF), Bawa Mokwa, following the FAAC meeting held in Abuja on Friday night.
The total distributable revenue comprised:
Statutory Revenue: N1.018 trillion
Value Added Tax (VAT): N631.507 billion
Electronic Money Transfer Levy (EMTL): N29.165 billion
Exchange Difference Revenue: N38.849 billion
Non-Mineral Revenue Augmentation: N100 billion
The communiqué revealed that gross revenue for June stood at N4.232 trillion, a significant increase from May’s N2.094 trillion. However, after deductions for cost of collection (N162.786 billion) and transfers, interventions, refunds, and savings (N2.251 trillion), N1.818 trillion remained for distribution.
Breakdown of June Disbursement:
Federal Government: N645.383 billion
State Governments: N607.417 billion
Local Governments: N444.853 billion
13% Derivation Fund (to oil-producing states): N120.759 billion
Statutory Revenue (N1.018 trillion)
FG: N474.455 billion
States: N240.650 billion
LGs: N185.531 billion
13% Derivation: N118.256 billion
VAT Revenue (N631.507 billion)
FG: N94.726 billion
States: N315.754 billion
LGs: N221.027 billion
EMTL (N29.165 billion)
FG: N4.375 billion
States: N14.582 billion
LGs: N10.208 billion
Exchange Difference (N38.849 billion)
FG: N19.147 billion
States: N9.712 billion
LGs: N7.487 billion
Derivation: N2.503 billion
Augmentation from Non-Mineral Revenue (N100 billion)
FG: N52.680 billion
States: N26.720 billion
LGs: N20.600 billion
The communiqué also noted that while Companies Income Tax, Petroleum Profit Tax, and EMTL saw increases, other revenue components like Oil and Gas Royalties, VAT, Import Duty, Excise Duty, and CET Levies recorded declines.
FAAC’s monthly disbursement remains a critical mechanism for ensuring equitable fiscal distribution among the three tiers of government in Nigeria.
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