The Federation Account Allocation Committee (FAAC) has disbursed a total of N1.818 trillion among the three tiers of government as revenue generated in June 2025.
This was disclosed in a communiqué issued after the FAAC meeting held on Friday in Abuja and coordinated by the Office of the Accountant General of the Federation.
According to the report, the statutory gross revenue for June stood at N3.485 trillion — a sharp rise of over N1.39 trillion from the N2.094 trillion recorded in May. However, revenue from Value Added Tax (VAT) dropped from N742.820 billion in May to N678.165 billion in June, showing a decline of N64.655 billion.
The breakdown further revealed increased collections from Companies Income Tax (CIT), Petroleum Profit Tax (PPT), and the Electronic Money Transfer Levy (EMTL). Meanwhile, earnings from Oil and Gas Royalty, VAT, Import Duty, Excise Duty, and CET Levies recorded noticeable declines.
The shared revenue is expected to support ongoing financial obligations across federal, state, and local government levels amidst growing concerns over revenue sustainability.
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