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Daniel Adaji
The Federal Government, states, and local governments shared a total of N1.68trn as revenue for April 2025, the Federation Account Allocation Committee (FAAC) confirmed on Friday.
The revenue was disbursed during the May 2025 FAAC meeting held in Abuja, and included funds from statutory allocations, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL), and exchange difference.
According to a communiqué issued after the meeting, the N1.681trn total distributable revenue comprised N962.882bn from statutory revenue, N598.077bn from VAT, N38.862bn from EMTL, and N81.407bn from exchange difference.
The Federal Government received N565.307bn, while state governments got N556.741bn. Local government councils received N406.627bn, and an additional N152.553bn was allocated to oil-producing states as 13 per cent derivation from mineral revenue.
Breaking down the statutory revenue of N962.882bn, the communiqué stated: “The Federal Government received N431.307bn, the states received N218.765bn, and the local governments received N168.659bn. A further N144.151bn was shared as derivation revenue.”
On VAT revenue of N598.077bn, the Federal Government got N89.712bn, states received N299.039 billion, and local councils got N209.327bn.
From the N38.862bn EMTL, the Federal Government received N5.829bn, states got N19.431bn, and local councils received N13.602bn.
The Exchange Difference of N81.407bn was also distributed: “The Federal Government received N38.459bn, the states got N19.507bn, and the local government councils received N15.039bn. An additional N8.402bn was shared to oil-producing states as derivation revenue,” the communiqué added.
The total gross revenue available for April stood at N2.848trn, up from N2.415trn in March. Statutory revenue alone rose by N365.595bn, reaching N2.084trn in April.
FAAC also noted an increase in revenues from Petroleum Profit Tax, Oil and Gas Royalty, EMTL, VAT, Excise Duty, Import Duty, and CET Levies. However, Companies Income Tax saw a significant decline.
“The total deduction for cost of collection was N101.051bn, while N1.066rnn was used for transfers, interventions, refunds, and savings,” the communiqué noted.
The figures underline improved oil and non-oil revenue performance, despite declines in corporate tax collections.