FAAC disburses N1.681Trn to Federal, State, LGs for April

The Federation Account Allocation Committee (FAAC) has disbursed a total sum of N1.681 trillion to the federal, state, and local governments for the month of April 2025.

This was revealed in a communiqué released on Friday in Abuja by Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant-General of the Federation.

According to the statement, the revenue allocation was finalized during FAAC’s May 2025 meeting. The distributed funds comprise earnings from statutory revenue, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL), as well as exchange rate differentials.

The breakdown shows that the distributed revenue comprised N962.882 billion in statutory allocations, N598.077 billion from VAT, N38.862 billion from EMTL, and N81.407 billion as exchange difference.

Gross revenue available in April stood at N2.848 trillion, according to the communiqué.
“Total deduction for cost of collection was N101.051 billion while total transfers, interventions, refunds and savings was N1066.442 billion.

“Gross statutory revenue of N2.084 trillion was received for April, higher than the sum of N1,718.973 trillion received in March 2025 by N365.595 billion.

“Gross revenue of N642.265 billion was available from VAT in April 2025. This was higher than the N637.618 billion available in March by N4.647 billion,” it said.

From the total distributed amount, the Federal Government received N565.307 billion, while states collectively got N556.741 billion. Local Government Councils (LGCs) were allocated N406.627 billion.

“The sum of N152.553 billion (13 per cent of mineral revenue) was shared to the benefiting State as derivation revenue,” it added.

Of the N962.882 billion in statutory revenue, N431.307 billion was allocated to the Federal Government, N218.765 billion to state governments, and N168.659 billion to LGCs.

“The sum of N144.151 billion (13 per cent of mineral revenue) was shared to the benefiting States as derivation revenue.

“From the N598.077 billion VAT revenue, the Federal Government received N89.712 billion, the state governments received N299.039 billion and the LGCs received N209.327 billion.
“A total sum of N5.829 billion was received by the Federal Government from the N38.862 billion EMTL, the state governments received N19.431 billion and the LGCs received N13.602 billion,” it said.

The communiqué also highlighted fluctuations in revenue sources for the month under review.

“In April, Petroleum Profit Tax, Oil and Gas Royalty, EMTL, VAT, Excise Duty, Import Duty and CET Levies increased significantly, while Companies Income Tax decreased considerably.”