FAAC: FG, States, LGs share N1.681tn for April
The Federal Government, 36 states, and 774 local government councils have shared a total of N1.681tn as Federation Account revenue for April 2025, representing a 6.5 per cent increase compared to the N1.578tn shared for March.
This was disclosed in a statement on Friday by the Director of Press and Public Relations at the Office of the Accountant General of the Federation, Bawa Mokwa.
According to the statement, the amount was shared during the May 2025 Federation Account Allocation Committee meeting held in Abuja.
“The total distributable revenue of N1.681tn comprised distributable statutory revenue of N962.88bn, Value Added Tax of N598.08bn, Electronic Money Transfer Levy of N38.86bn, and Exchange Difference of N81.41bn,” the statement read.
FAAC reported that gross revenue for April 2025 stood at N2.848tn, out of which N101.05bn was deducted as cost of collection, while N1.066tn was set aside for transfers, refunds, interventions and savings.
Gross statutory revenue for the month rose to N2.085tn, up by N365.60bn from the N1.719tn recorded in March.
VAT revenue also inched up to N642.27bn, compared to N637.62bn in the previous month.
From the N1.681tn shared, the Federal Government received N565.31bn, the state governments received N556.74bn, while local government councils got N406.63bn.
An additional N152.55bn was disbursed to oil-producing states as 13 per cent derivation revenue.
A breakdown showed that from the N962.88bn statutory revenue, the Federal Government received N431.31bn, states received N218.77bn, local councils got N168.66bn, and N144.15bn was allocated as derivation revenue.
For the N598.08bn VAT pool, the Federal Government received N89.71bn, states got N299.04bn, and local councils received N209.33bn.
The EMTL revenue of N38.86bn was shared as follows: N5.83bn to the Federal Government, N19.43bn to states, and N13.60bn to local governments.
Also, from the N81.41bn Exchange Difference, the Federal Government received N38.46bn, states received N19.51bn, local governments got N15.04bn, and N8.40bn was shared as derivation.
The statement noted that, “In April 2025, Petroleum Profit Tax, Oil and Gas Royalty, Electronic Money Transfer Levy, VAT, Excise Duty, Import Duty and CET Levies increased significantly, while Companies Income Tax decreased considerably.”
