The Federation Account Allocation Committee (FAAC) has disbursed a total of N1.681 trillion as revenue generated in April 2025 to the three tiers of government — the Federal Government, State Governments, and Local Government Councils.
This was disclosed in a communiqué issued at the end of FAAC’s monthly meeting held in Abuja on Friday, May 16, 2025.
The N1.681 trillion distributed revenue includes:
N962.88 billion in statutory revenue,
N598.08 billion from Value Added Tax (VAT),
N38.86 billion from the Electronic Money Transfer Levy (EMTL), and
N81.41 billion from exchange rate gains.
From the shared pool, the Federal Government received N565.31 billion, while State Governments got N556.74 billion. Local Government Councils received N406.63 billion, and an additional N152.55 billion was allocated to oil-producing states as 13% derivation revenue.
The gross revenue available in April stood at N2.85 trillion, representing a significant increase from March’s figure of N2.36 trillion. Out of this amount, N101.05 billion was deducted for collection costs, while N1.07 trillion was set aside for transfers, refunds, interventions, and savings.
The breakdown of federal allocations shows that the Federal Government took N431.31 billion from statutory revenue, N89.71 billion from VAT, N5.83 billion from EMTL, and N38.46 billion from exchange gains.
States received N218.77 billion from statutory revenue, N299.04 billion from VAT, N19.43 billion from EMTL, and N19.51 billion from exchange gains. Local Governments got N168.66 billion from statutory revenue, N209.33 billion from VAT, N13.60 billion from EMTL, and N15.04 billion from exchange difference.
The communiqué noted that revenue from Petroleum Profit Tax, Oil and Gas Royalties, VAT, EMTL, Import and Excise Duties, and CET levies increased significantly during the month. However, Companies Income Tax (CIT) saw a marked decline, reflecting fluctuating corporate earnings.
This consistent growth in federally collected revenue, especially from oil-related sources and digital transactions, underscores the resilience of Nigeria’s fiscal system despite ongoing economic challenges.
