The Federation Account Allocation Committee (FAAC) has disbursed N1.578 trillion as revenue generated in March 2025 to the federal, state, and local governments. This was disclosed by the Office of the Accountant-General of the Federation. The total distributable revenue comprises N931.325 billion from statutory sources, N593.750 billion from Value Added Tax (VAT), N24.971 billion from the Electronic Money Transfer Levy (EMTL), and N28.711 billion from exchange rate gains. Gross revenue for March stood at N2.411 trillion, with N85.376 billion deducted for collection costs and N747.180 billion allocated for transfers, interventions, and refunds. The gross statutory revenue received in March was N1.718 trillion—an increase of N65.422 billion compared to N1.653 trillion in February. VAT revenue declined slightly, with N637.618 billion generated in March, down from N654.456 billion in February, reflecting a drop of N16.838 billion. From the total distributable amount of N1.578 trillion, the Federal Government received N528.696 billion, states received N530.448 billion, and local government councils received N387.002 billion. An additional N132.611 billion was shared as 13% derivation to oil-producing states. Of the N931.325 billion statutory revenue, the Federal Government got N422.485 billion, states received N214.290 billion, local governments got N165.209 billion, and N129.341 billion was allocated as 13% derivation revenue. From the N593.750 billion VAT pool, the Federal Government received N89.063 billion, states got N296.875 billion, and local governments received N207.813 billion. Out of the N24.971 billion EMTL revenue, the Federal Government received N3.746 billion, states received N12.485 billion, and local governments got N8.740 billion. In terms of the N28.711 billion exchange difference revenue, the Federal Government received N13.402 billion, states got N6.798 billion, and local councils received N5.241 billion. A further N3.270 billion was disbursed to oil-producing states as derivation. Meanwhile, revenues from Petroleum Profit Tax (PPT) and Companies Income Tax (CIT) saw notable increases in March. However, there were declines in receipts from Oil and Gas Royalty, VAT, EMTL, Excise Duty, Import Duty, and CET Levies.