FG, States, LGs Share N1.681tn for April — FAAC

The Federation Account Allocation Committee (FAAC) has shared a total of N1.681 trillion among the federal, state, and local governments as revenue for the month of April 2025.

This was disclosed in a communiqué issued at the end of the FAAC meeting held in May 2025, chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun.

The shared amount came from a gross total revenue of N2.848 trillion, comprising statutory revenue, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL), and Exchange Difference.

Breakdown of the allocations showed that:

The Federal Government received N565.307 billion

State Governments got N556.741 billion

Local Government Councils collected N406.627 billion

Oil-producing States received N152.553 billion as 13% derivation

Additionally, N101.051 billion was deducted for the cost of revenue collection, while N1.066 trillion was allocated for transfers, interventions, and refunds.

VAT revenue rose slightly to N642.265 billion in April from N637.618 billion in March, reflecting a gain of N4.647 billion. After deductions, N598.077 billion was shared: FG received N89.712 billion, states N299.039 billion, and LGs N209.327 billion.

The gross statutory revenue for the month stood at N2.084 trillion, up from N1.718 trillion in the previous month. Out of this, N962.882 billion was shared after deductions:

FG: N431.307 billion

States: N218.765 billion

LGs: N168.659 billion

Derivation: N144.151 billion

From the N40.481 billion collected via EMTL, N38.862 billion was shared among the three tiers:

FG: N5.829 billion

States: N19.431 billion

LGs: N13.602 billion

Also, N81.407 billion from Exchange Difference was distributed, with the FG receiving N38.459 billion, states N19.507 billion, LGs N15.039 billion, and oil-producing states N8.402 billion.

FAAC noted increases in collections from Petroleum Profit Tax (PPT), Oil and Gas Royalties, VAT, EMTL, Excise Duty, Import Duty, and CET Levies, while Company Income Tax (CIT) saw a decline.

Speaking at the meeting, Edun said revenue mobilisation remains key to Nigeria’s development agenda.

“Domestic revenue mobilisation is a critical component of Nigeria’s long-term path to sustainable development financing,” he said.

The Minister also commended the FAAC committee members for their commitment to revenue administration and transparency.