The Federation Account Allocation Committee (FAAC) has distributed a total of N1.681 trillion in revenue generated in April 2025 to the Federal Government, 36 states, and 774 local government councils.
NaijaBlogDaily reports that this marks an increase of N103 billion compared to the N1.578 trillion shared in March 2025, signaling a modest rise in national revenue despite ongoing fiscal challenges.
Breakdown of April 2025 Revenue Distribution:
- Federal Government: N565.307 billion
- State Governments: N556.741 billion
- Local Government Councils: N406.627 billion
- Oil-Producing States (13% Derivation): N152.553 billion
- The total distributable revenue for April included:
- Statutory Revenue: N962.882 billion
- Value Added Tax (VAT): N598.077 billion
- Electronic Money Transfer Levy (EMTL): N38.862 billion
- Exchange Difference: N81.407 billion
- Dedications and Gross Revenue:
FAAC reported a gross revenue of N2.848 trillion, with N101.051 billion deducted for collection costs and N1.066 trillion for statutory transfers, interventions, refunds, and savings.
Detailed Allocation by Revenue Source:
- Statutory Revenue (N962.882 billion):
FG: N431.307 billion
States: N218.765 billion
LGAs: N168.659 billion
13% Derivation: N144.151 billion
- VAT Revenue (N598.077 billion):
FG: N89.712 billion
States: N299.039 billion
LGAs: N209.327 billion
- EMTL Revenue (N38.862 billion):
FG: N5.829 billion
States: N19.431 billion
LGAs: N13.602 billion
- Exchange Difference (N81.407 billion):
FG: N38.459 billion
States: N19.507 billion
LGAs: N15.039 billion
13% Derivation: N8.402 billion
Key Highlights:
Increase in Petroleum Profit Tax (PPT), Oil & Gas Royalties, VAT, Excise Duty, and Import Duty.
Decline in Companies Income Tax (CIT) revenue.
Improved performance in non-oil revenue generation suggests growing diversification of government income.
HEED: Follow us on Instagram or any other social media platform and get the most reliable news directly in your favourite app!
The April allocation highlights the continued volatility of revenue sources and the importance of ongoing fiscal reforms to stabilize national income and ensure equitable distribution across all levels of government.
Stay updated with NaijaBlogDaily for accurate insights into Nigeria’s economy and financial governance.
NaijaBlogDaily# is visible on all social media platforms, and we bring you the latest Nigerian news on politics and economy, entertainment, and celebrity updates, including sports across Nigeria and beyond…
Keep visiting and following up with us on any social media platform you are using to keep you updated 💯
Remember (information brings knowledge and power).
STAY TUNED!!!
