In March 2025, the Federation Account Allocation Committee (FAAC) convened in Abuja to distribute ₦1.678 trillion among the federal, state, and local governments, reflecting a slight decrease from the ₦1.703 trillion allocated in January 2025.
The total gross revenue for February 2025 was ₦2.344 trillion. After deductions for collection costs and transfers, interventions, refunds, and savings totaling ₦666.189 billion, the distributable revenue stood at ₦1.678 trillion.
The allocation breakdown is as follows:
- Federal Government: ₦569.656 billion
- State Governments: ₦562.195 billion
- Local Government Councils: ₦410.559 billion
- 13% Derivation for Oil-Producing States: ₦136.042 billion
Comparing to the previous month, gross statutory revenue decreased from ₦1.848 trillion in January to ₦1.653 trillion in February 2025. Similarly, VAT revenue declined from ₦771.886 billion to ₦654.456 billion over the same period.
Notably, February 2025 saw significant increases in Oil and Gas Royalty and Electronic Money Transfer Levy (EMTL) revenues. However, revenues from VAT, Petroleum Profit Tax (PPT), Companies Income Tax (CIT), Excise Duty, Import Duty, and CET Levies experienced declines compared to the previous month.
This allocation underscores the Nigerian government’s ongoing commitment to equitable revenue distribution among its various tiers, ensuring the continued delivery of essential public services across the nation.
