The Federal Account Allocation Committee disbursed a total of ₦1.681 trillion as April 2025 Federation Account revenue to the Federal Government, States, and Local Government Councils.
This was disclosed in a statement by FAAC spokesperson Bawa Mokwa following the committee’s meeting held in Abuja on Friday.
According to the statement, the total distributable revenue comprised ₦962.882 billion in statutory revenue, ₦598.077 billion from Value Added Tax (VAT), ₦38.862 billion from the Electronic Money Transfer Levy (EMTL), and ₦81.407 billion as Exchange Difference.
Breakdown of the allocations shows the Federal Government received ₦565.307 billion, State Governments got ₦556.741 billion, and Local Government Councils received ₦406.627 billion. In addition, ₦152.553 billion was shared to oil-producing states as 13% derivation revenue.
From the ₦962.882 billion statutory revenue, the Federal Government received ₦431.307 billion, States got ₦218.765 billion, LGs ₦168.659 billion, while ₦144.151 billion went to derivation.
For the ₦598.077 billion VAT revenue, ₦89.712 billion was allocated to the Federal Government, ₦299.039 billion to the States, and ₦209.327 billion to LGs.
The EMTL revenue of ₦38.862 billion saw the Federal Government taking ₦5.829 billion, States ₦19.431 billion, and LGs ₦13.602 billion. From the ₦81.407 billion Exchange Difference, the FG received ₦38.459 billion, States ₦19.507 billion, LGs ₦15.039 billion, and ₦8.402 billion was shared as derivation revenue.
The communiqué also disclosed that April’s total gross revenue stood at ₦2.848 trillion, with deductions for cost of collection totaling ₦101.051 billion, and transfers, interventions, refunds and savings amounting to ₦1.066 trillion.
It noted that Petroleum Profit Tax, Oil and Gas Royalties, EMTL, VAT, Excise Duty, Import Duty and CET levies all recorded increases, while Companies Income Tax (CIT) decreased significantly.
