The Federation Account Allocation Committee (FAAC) has shared a total sum of N1.681 trillion among the three tiers of government as revenue for April 2025.
This was disclosed in a communiqué issued at the end of the FAAC meeting for May 2025, chaired by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, on Friday in Abuja.
The total revenue was drawn from a gross amount of N2.848 trillion, comprising Gross Statutory Revenue, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL), and Exchange Difference.
From the total distributable amount, the Federal Government received N565.307 billion, the State Governments received N556.741 billion, and the Local Government Councils received N406.627 billion.
In addition, oil-producing states received N152.553 billion as derivation revenue, representing 13 per cent of mineral revenue.
A total of N101.051 billion was allocated for the cost of collection, while N1.066 trillion was earmarked for Transfers, Interventions, and Refunds.
According to the communiqué, VAT revenue for April stood at N642.265 billion, which is an increase of N4.647 billion over the N637.618 billion recorded in the preceding month.
From the VAT revenue, N25.691 billion was deducted as collection cost, and N18.497 billion was allocated for Transfers and Refunds. The balance of N598.077 billion was shared as follows: Federal Government – N89.712 billion, States – N299.039 billion, and Local Governments – N209.327 billion.
Similarly, the gross statutory revenue for April was N2.084 trillion, higher than the N1.718 trillion recorded in the previous month by N365.595 billion.
From this, N73.741 billion was allocated for the cost of collection, and N1.047 trillion for Transfers, Interventions, and Refunds. The balance of N962.882 billion was shared as follows: Federal Government – N431.307 billion, States – N218.765 billion, Local Governments – N168.659 billion, and derivation revenue – N144.151 billion.
On the Electronic Money Transfer Levy (EMTL) of N40.481 billion, N38.862 billion was distributed among the three tiers: Federal Government – N5.829 billion, States – N19.431 billion, and Local Governments – N13.602 billion, while N1.619 billion was allocated as collection cost.
The communiqué also disclosed that N81.407 billion was received from Exchange Difference and shared as follows: Federal Government – N38.459 billion, States – N19.507 billion, Local Governments – N15.039 billion, and Oil Producing States – N8.402 billion.
It noted that Petroleum Profit Tax (PPT), Oil and Gas Royalties, VAT, EMTL, Excise Duty, Import Duty, and CET Levies recorded significant increases, while Company Income Tax (CIT) declined.
In his opening remarks, Edun reiterated that domestic revenue mobilisation remained a critical component of Nigeria’s strategy for sustainable development financing.
He commended the FAAC members for their commitment and resilience in managing the federation’s financial resources.
