The Federation Account Allocation Committee (FAAC) has disbursed a total of ₦1.681 trillion as revenue for April 2025 to the Federal Government, State Governments, and Local Government Councils.
This was made known in a statement issued on Friday by FAAC spokesperson, Bawa Mokwa, following the committee’s monthly meeting held in Abuja.
According to the breakdown, the total distributable revenue consisted of ₦962.88 billion from statutory revenue, ₦598.08 billion from Value Added Tax (VAT), ₦38.86 billion from the Electronic Money Transfer Levy (EMTL), and ₦81.41 billion from Exchange Difference.
The communiqué from FAAC also disclosed that gross revenue available in April stood at ₦2.848 trillion. Out of this, ₦101.05 billion was deducted for the cost of revenue collection, while ₦1.066 trillion was used for transfers, interventions, refunds, and savings.
Statutory revenue for April rose to ₦2.085 trillion, higher by ₦365.60 billion compared to ₦1.719 trillion recorded in March. VAT revenue also recorded a slight increase from ₦637.62 billion in March to ₦642.27 billion in April.
Out of the ₦1.681 trillion shared, the Federal Government received ₦565.31 billion, the States got ₦556.74 billion, while Local Government Councils received ₦406.63 billion. Additionally, ₦152.55 billion was allocated to oil-producing states as 13% derivation revenue.
Further details showed that from the ₦962.88 billion statutory revenue, the Federal Government received ₦431.31 billion, States got ₦218.77 billion, and Local Councils got ₦168.66 billion. ₦144.15 billion was shared as 13% derivation revenue.
From the ₦598.08 billion VAT revenue, the Federal Government received ₦89.71 billion, States got ₦299.04 billion, while Local Councils received ₦209.33 billion.
In the EMTL category, the Federal Government received ₦5.83 billion, States ₦19.43 billion, and Local Councils ₦13.60 billion.
From the ₦81.41 billion exchange difference, the Federal Government received ₦38.46 billion, the States ₦19.51 billion, and the Local Councils ₦15.04 billion. An additional ₦8.40 billion from mineral revenue was shared to states under the 13% derivation formula.
FAAC noted that in April, revenue from Petroleum Profit Tax, Oil and Gas Royalty, EMTL, VAT, Excise Duty, Import Duty, and CET Levies witnessed significant increases, while Companies Income Tax recorded a major decline.
