FAAC Distributes N1.681 Trillion April 2025 Revenue to FG, States, and LGs

The Federation Account Allocation Committee (FAAC) has disbursed a total of N1.681 trillion as Federation Account revenue for April 2025 to the Federal Government, 36 state governments, and 774 local government councils.

This represents a 6.5% increase from the N1.578 trillion shared in March 2025, according to an official statement released by Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant General of the Federation.

April 2025 Revenue Breakdown

The FAAC communiqué revealed that N2.848 trillion gross revenue was available in April 2025. After deductions including:

• N101.051 billion for revenue collection costs
• N1.066 trillion for transfers, interventions, refunds, and savings

The total distributable revenue stood at N1.681 trillion, comprising:

• N962.882 billion in statutory revenue
• N598.077 billion from Value Added Tax (VAT)
• N38.862 billion from Electronic Money Transfer Levy (EMTL)
• N81.407 billion from exchange rate gains

Revenue Allocation by Tier of Government

The distribution among government tiers was as follows:

Total Distributable Revenue (N1.681 trillion)

• Federal Government: N565.307 billion
• State Governments: N556.741 billion
• Local Government Councils: N406.627 billion
• 13% Derivation (Oil-producing states): N152.553 billion

Statutory Revenue (N962.882 billion)

• Federal Government: N431.307 billion
• State Governments: N218.765 billion
• Local Governments: N168.659 billion
• 13% Derivation: N144.151 billion

Revenue Performance Highlights

The report noted significant improvements in several revenue streams:

• Gross statutory revenue increased by N365.595 billion (from N1.719 trillion in March to N2.084 trillion in April)
• VAT collections rose slightly to N642.265 billion (from N637.618 billion in March)

Key revenue drivers included:

• Petroleum Profit Tax (PPT)
• Oil and Gas Royalties
• Value Added Tax (VAT)
• Electronic Money Transfer Levy
• Excise Duty
• Import Duty

However, the report noted a significant decline in Companies Income Tax (CIT), suggesting continued challenges for corporate profitability amid economic headwinds.

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