The Federation Account Allocation Committee (FAAC) has shared a total of ₦1.681 trillion in revenue for April 2025 among the Federal Government, State Governments, and Local Government Councils.
According to FAAC spokesperson Bawa Mokwa, this total distributable revenue includes ₦962.882 billion from statutory revenue, ₦598.077 billion from Value Added Tax (VAT), ₦38.862 billion from the Electronic Money Transfer Levy (EMTL), and ₦81.407 billion from Exchange Difference.
The FAAC communiqué revealed that the total gross revenue available in April 2025 was ₦2,848.721 trillion. Deductions included ₦101.051 billion for collection costs and ₦1066.442 billion for transfers, interventions, refunds, and savings.
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Gross statutory revenue for April 2025 was ₦2,084.568 trillion, which is ₦365.595 billion higher than the ₦1,718.973 trillion received in March 2025.
The gross VAT revenue for April 2025 was ₦642.265 billion, ₦4.647 billion higher than the ₦637.618 billion available in March 2025.
From the total distributable revenue of ₦1,681.228 trillion, the Federal Government received ₦565.307 billion, State Governments received ₦556.741 billion, and Local Government Councils received ₦406.627 billion.
An additional ₦152.553 billion (13% of mineral revenue) was allocated to the benefiting States as derivation revenue.
Specifically, from the ₦962.882 billion distributable statutory revenue, the Federal Government received ₦431.307 billion, State Governments received ₦218.765 billion, Local Government Councils received ₦168.659 billion, and ₦144.151 billion (13% of mineral revenue) was shared as derivation revenue.
From the ₦598.077 billion distributable VAT revenue, the Federal Government received ₦89.712 billion, State Governments received ₦299.039 billion, and Local Government Councils received ₦209.327 billion.
Out of the ₦38.862 billion EMTL revenue, the Federal Government received ₦5.829 billion, State Governments received ₦19.431 billion, and Local Government Councils received ₦13.602 billion.
From the ₦81.407 billion Exchange Difference, the Federal Government received ₦38.459 billion, State Governments received ₦19.507 billion, Local Government Councils received ₦15.039 billion, and ₦8.402 billion (13% of mineral revenue) was shared as derivation revenue.
The FAAC communiqué noted significant increases in Petroleum Profit Tax (PPT), Oil and Gas Royalty, EMTL, VAT, Excise Duty, Import Duty, and CET Levies in April 2025, while Companies Income Tax (CIT) decreased considerably.
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