A total of N1.681 trillion from the Federation Account revenue for April 2025 has been shared among the Federal Government, 36 States, and...
A total of N1.681 trillion from the Federation Account revenue for April 2025 has been shared among the Federal Government, 36 States, and 774 Local Government Councils, according to an official statement released on Friday.
The distribution was announced in a statement signed by Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant General of the Federation. The revenue allocation was finalized at the May 2025 meeting of the Federation Account Allocation Committee (FAAC) held in Abuja.
The N1.681 trillion shared includes N962.882 billion from 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.
The FAAC communiqué disclosed that the gross revenue available in April was N2.848 trillion. From this, N101.051 billion was deducted for the cost of collection, and N1.066 trillion was allocated for transfers, interventions, refunds, and savings.
Gross statutory revenue for the month stood at N2.084 trillion, marking a significant increase of N365.595 billion compared to the N1.718 trillion received in March. Similarly, VAT collections rose slightly to N642.265 billion from N637.618 billion in March.
From the total distributable revenue, the Federal Government received N565.307 billion, States got N556.741 billion, and Local Government Councils received N406.627 billion. Additionally, N152.553 billion was shared as 13% derivation revenue to oil-producing states.
A breakdown of the statutory revenue shows the Federal Government received N431.307 billion, State Governments received N218.765 billion, and Local Councils got N168.659 billion. Of the VAT revenue, the Federal Government took N89.712 billion, States N299.039 billion, and LGs N209.327 billion.
The EMTL revenue saw the Federal Government receiving N5.829 billion, States N19.431 billion, and Local Governments N13.602 billion. For the Exchange Difference, the Federal Government received N38.459 billion, States N19.507 billion, and LGs N15.039 billion, with an additional N8.402 billion allocated as 13% derivation.
The communiqué also noted that revenues from Petroleum Profit Tax (PPT), Oil and Gas Royalties, EMTL, VAT, Excise Duty, Import Duty, and CET Levies increased significantly in April. However, there was a marked decline in Companies Income Tax (CIT).
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