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FAAC: FG, States, LGAs Share N1.681trn In April
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9/24/2025, 5:00:00 PM
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5/17/2025, 7:58:46 AM
By Eniekenemi Atoukudu - 5/17/2025, 7:14:35 AM
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The Federation Account Allocation Committee (FAAC) has shared a total of N1.681 trillion among the Federal Government, 36 states, and 774 local government councils as revenue generated in April 2025. The amount, announced during FAAC's meeting in Abuja on Friday, marks an increase of N103 billion from the N1.578 trillion distributed in March 2025. According to the communiqué released after the meeting, the April 2025 revenue comprised N962.882 billion in statutory revenue, N598.077 billion from Value Added Tax (VAT), N38.862 billion from the Electronic Money Transfer Levy (EMTL), and N81.407 billion from Exchange Difference earnings. Of the total revenue, the Federal Government received N565.307 billion, while the 36 states received N556.741 billion. Local government councils were allocated N406.627 billion. Additionally, N152.553 billion was distributed to oil-producing states as 13% derivation from mineral revenue. FAAC reported that the gross revenue for April stood at N2.848 trillion. However, deductions totaling N1.167 trillion were made—comprising N101.051 billion for the cost of revenue collection and N1.066 trillion for statutory transfers, refunds, interventions, and savings. The gross statutory revenue for April was recorded at N2.084 trillion—up by N365.595 billion from N1.718 trillion in March. Gross VAT revenue also saw a marginal increase, rising to N642.265 billion in April from N637.618 billion in March, reflecting a N4.647 billion growth. From the N962.882 billion distributable statutory revenue, the Federal Government received N431.307 billion, states got N218.765 billion, and local governments received N168.659 billion. N144.151 billion of this was allocated to oil-producing states as 13% derivation. Out of the N598.077 billion VAT pool, the Federal Government received N89.712 billion, the states N299.039 billion, and local governments N209.327 billion. The N38.862 billion EMTL revenue was distributed with the Federal Government receiving N5.829 billion, states N19.431 billion, and local governments N13.602 billion. From the N81.407 billion realized as Exchange Difference, the Federal Government received N38.459 billion, states N19.507 billion, and local governments N15.039 billion. A further N8.402 billion from this amount was disbursed as 13% derivation to oil-producing states. FAAC noted that revenue increases were recorded in Petroleum Profit Tax (PPT), Oil and Gas Royalties, VAT, EMTL, Excise Duty, Import Duty, and CET Levies during the review period. However, Companies Income Tax (CIT) experienced a significant decline. Overall, the April 2025 revenue performance reflects ongoing fluctuations in the federation’s income streams, even as efforts to boost non-oil revenue continue to yield encouraging results.
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