The three tiers of government in Nigeria—Federal, States, and Local Government Councils—have shared a total of ₦1.818 trillion as the Federation Account Revenue for June 2025.
This allocation was finalized at the July 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja, according to a statement released Saturday by the Accountant General of the Federation’s office.
Revenue Breakdown
The total distributable revenue of ₦1.818 trillion comprises:
- ₦1.018 trillion from distributable statutory revenue.
- ₦631.507 billion from Value Added Tax (VAT) revenue.
- ₦29.165 billion from Electronic Money Transfer Levy (EMTL).
- ₦38.849 billion from Exchange Difference revenue.
- ₦100 billion from Non-Mineral revenue augmentation.
FAAC reported that the total gross revenue available in June 2025 was ₦4.232 trillion. After deductions for collection costs (₦162.786 billion) and transfers, interventions, refunds, and savings (₦2.251 trillion), the distributable amount was reached.
Notably, the gross statutory revenue of ₦3.485 trillion received in June 2025 was significantly higher than the ₦2.094 trillion recorded in May 2025, showing an increase of ₦1.390 trillion. However, gross VAT revenue decreased by ₦64.655 billion, moving from ₦742.820 billion in May to ₦678.165 billion in June.
Allocation to Tiers of Government
From the total ₦1.818 trillion distributable revenue:
- The Federal Government received ₦645.383 billion.
- State Governments received ₦607.417 billion.
- Local Government Councils received ₦444.853 billion.
- Additionally, ₦120.759 billion (representing 13% of mineral revenue) was shared among benefiting states as derivation revenue.
Further breakdowns of specific revenue streams show:
- Statutory Revenue (₦1.018trn): Federal Government got ₦474.455bn, States ₦240.650bn, Local Governments ₦185.531bn, and ₦118.256bn as 13% derivation.
- VAT Revenue (₦631.507bn): Federal Government received ₦94.726bn, States ₦315.754bn, and Local Governments ₦221.027bn.
- EMTL Revenue (₦29.165bn): Federal Government received ₦4.375bn, States ₦14.582bn, and Local Governments ₦10.208bn.
- Exchange Difference (₦38.849bn): Federal Government received ₦19.147bn, States ₦9.712bn, Local Governments ₦7.487bn, and ₦2.503bn as 13% derivation.
- Augmentation from Non-Mineral Revenue (₦100bn): Federal Government received ₦52.680bn, States ₦26.7bn, and Local Governments ₦20.600bn.
The FAAC communiqué also noted that Companies Income Tax (CIT), Petroleum Profit Tax (PPT), and Electronic Money Transfer Levy (EMTL) saw significant increases in June 2025, while Oil and Gas Royalty, Value Added Tax (VAT), Import Duty, Excise Duty, and CET Levies experienced considerable decreases.
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