FAAC Disburses N1.681 Trillion to Federal, State, and Local Governments for April 2025

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May 16, 2025
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The Federation Account Allocation Committee (FAAC) has announced the disbursement of N1.681 trillion to the Federal Government, 36 state governments, and 774 local government councils for April 2025.

This amount represents a 6.5% increase from the N1.578 trillion shared in March 2025.

The total gross revenue available in April 2025 was N2.848 trillion. After deducting the cost of collection (N101.051 billion) and setting aside N1.066 trillion for transfers, interventions, refunds, and savings, the total distributable revenue for the month was N1.681 trillion. This amount includes:

* N962.882 billion in statutory revenue

* N598.077 billion from Value Added Tax (VAT)

* N38.862 billion from the Electronic Money Transfer Levy (EMTL)

* N81.407 billion from exchange rate gain (Exchange Difference)

* Federal Government: N565.307 billion

* State Governments: N556.741 billion

* Local Government Councils: N406.627 billion

* Oil-producing states: N152.553 billion (13% derivation revenue)

The statutory revenue component of N962.882 billion was shared as follows:

* Federal Government: N431.307 billion

* States: N218.765 billion

* Local Governments: N168.659 billion

* Oil-producing states: N144.151 billion (13% derivation)

The VAT revenue of N598.077 billion was allocated as follows:

* Federal Government: N89.712 billion

* States: N299.039 billion

* Local Governments: N209.327 billion

The EMTL collections of N38.862 billion were allocated as follows:

* Federal Government: N5.829 billion

* States: N19.431 billion

* Local Governments: N13.602 billion

The exchange difference of N81.407 billion was allocated as follows:

* Federal Government: N38.459 billion

* States: N19.507 billion

* Local Governments: N15.039 billion

* Oil-producing states: N8.402 billion (13% derivation)

The Office of the Accountant General reported that key revenue drivers in April included stronger collections from both oil and non-oil sources. There were significant increases in:

* Petroleum Profit Tax (PPT)

* Oil and Gas Royalties

* Value Added Tax (VAT)

* Electronic Money Transfer Levy (EMTL)

* Excise Duty

* Import Duty

* Common External Tariff (CET) levies

However, Companies Income Tax (CIT) recorded a substantial decline during the month. This suggests improved economic activity in consumption and import-related areas, as well as better compliance with petroleum-related tax obligations. The decline in CIT may indicate continued strain on corporate profitability amid macroeconomic headwinds.