*The Federation Account Allocation Committee explains the N1.681 trillion total distributable revenue for April 2025 comprised distributable statutory revenue of N962.882 billion, distributable Value-Added Tax revenue of N598.077 billion, Electronic Money Transfer Levy revenue of N38.862 billion and Exchange Difference N81.407 billion

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The Federation Account Allocation Committee (FAAC) has shared total sum of N1.681 trillion to the Federal Government, States and Local Government Councils (LGCs), as April 2025 Federation Account Revenue.

The FAAC disclosed it shared the revenue at the May 2025 Federation Account Allocation Committee’s meeting held in Abuja, FCT.

Bawa Mokwa, Spokesperson of the Committee, in a statement Friday, May 16, explained the N1.681 trillion total distributable revenue comprised distributable statutory revenue of N962.882 billion, distributable Value-Added Tax (VAT) revenue of N598.077 billion, Electronic Money Transfer Levy (EMTL) revenue of N38.862 billion and Exchange Difference N81.407 billion.

The Committee’s communiqu茅 also indicated that total Gross Revenue of N2,848.721 trillion was available April this year.

The statement noted the total deduction for cost of collection was N101.051 billion while total transfers, interventions, refunds and savings was N1066.442 billion.

The Spokesperson stated the gross statutory revenue of N2,084.568 trillion was received for April 2025.

The amount was higher than N1,718.973 trillion received in the month of March 2025 by N365.595 billion, said FAAC. It further said Gross Revenue of N642.265 billion was available from the Value-Added Tax (VAT) in April 2025.

It was higher than the N637.618 billion available March this year by N4.647 billion.

The communiqu茅 as well noted that from the N1,681.228 trillion total distributable revenue, the Federal Government received a total sum of N565.307 billion and the State Governments received a total sum of N556.741 billion.

The Committee said Local Government Councils received N406.627 billion, while the sum of N152.553 billion (13% of mineral revenue) was shared to the benefiting State as derivation revenue for the month.

On the N962.882 billion distributable statutory revenue, the communiqu茅 stated that the Federal Government received N431.307 billion and the State Governments received N218.765 billion.

The Local Government Councils received N168.659 billion and the sum of N144. 151 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.

From the N598.077 billion distributable Value-Added Tax (VAT) revenue, the Federal Government received N89.712 billion, the State Governments received N299.039 billion and the Local Government Councils received N209.327 billion.

According to FAAC, the Federal Government also received a total sum of N5.829 billion from the N38.862 billion Electronic Money Transfer Levy (EMTL).

The State Governments received N19.431 billion and the Local Government Councils received N13.602 billion.

From the N81.407 billion Exchange Difference, the communiqu茅 stated that the Federal Government received N38.459 billion and the State Governments received N19.507 billion.

The Local Government Councils received N15.039 billion, while the sum of N8.402 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.

The communique stated in April 2025, Petroleum Profit Tax(PPT), Oil and Gas Royalty, Electronic Money Transfer Levy (EMTL), Value-Added Tax (VAT), Excise Duty, Import Duty and CET Levies increased significantly while Companies Income Tax (CIT) decreased considerably.

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