The Federation Account Allocation Committee (FAAC) has disbursed a total of N1.818 trillion to the Federal, State, and Local Governments for the month of June 2025 — the highest allocation so far in the year.
This was disclosed in a communiqué issued at the end of the FAAC meeting held on Friday in Abuja. The statement, signed by Mr. Bawa Mokwa, Director of Press and Public Relations, Office of the Accountant General of the Federation (OAGF), highlighted the significant increase in monthly revenue compared to previous months.
In the breakdown, statutory revenue accounted for N1.018 trillion, Value Added Tax (VAT) contributed N631.507 billion, Electronic Money Transfer Levy (EMTL) brought in N29.165 billion, exchange difference revenue yielded N38.849 billion, while N100 billion was sourced as augmentation from non-mineral revenue.
The gross revenue available in June stood at N4.232 trillion, from which N162.786 billion was deducted as cost of collection and N2.251 trillion was allocated for transfers, savings, refunds, and interventions.
From the total distributable revenue of N1.818 trillion, the Federal Government received N645.383 billion, State Governments got N607.417 billion, and Local Government Councils received N444.853 billion. Oil-producing states also received N120.759 billion as 13% derivation revenue.
A further breakdown showed:
From statutory revenue of N1.018 trillion:
Federal Government: N474.455 billion
States: N240.650 billion
LGAs: N185.531 billion
Derivation (13%): N118.256 billion
From VAT revenue of N631.507 billion:
Federal Government: N94.726 billion
States: N315.754 billion
LGAs: N221.027 billion
From EMTL revenue of N29.165 billion:
Federal Government: N4.375 billion
States: N14.582 billion
LGAs: N10.208 billion
From exchange difference revenue of N38.849 billion:
Federal Government: N19.147 billion
States: N9.712 billion
LGAs: N7.487 billion
Derivation: N2.503 billion
From non-mineral augmentation of N100 billion:
Federal Government: N52.680 billion
States: N26.720 billion
LGAs: N20.600 billion
According to FAAC, the significant increase in revenue was largely driven by improved inflows from Companies Income Tax (CIT), Petroleum Profit Tax (PPT), and Electronic Money Transfer Levy. However, revenues from Oil and Gas Royalties, VAT, Import Duty, Excise Duty, and Common External Tariff (CET) levies declined during the month under review.
The substantial disbursement is expected to ease fiscal pressure on all tiers of government amid ongoing efforts to meet expenditure demands and fund capital projects in a challenging economic environment.
