The Federation Account Allocation Committee (FAAC) has announced that a gross statutory revenue of N2.085 trillion was received for April 2025.
This, it said, was higher than the sum of N1.719 trillion received in March 2025 by N365.595 billion.
FAAC in a communique issued at the end of its May 2025 meeting in Abuja said this increase was driven by higher revenue of N642.265 billion from Value
Added Tax (VAT) in April 2025, a figure that is higher than the N637.618 billion available in March 2025 by N4.647 billion.
It noted that a total sum of N1.681 trillion, being the April 2025 Federation Account Revenue, was shared among the Federal Government, States, and the local government councils.
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 of N81.407 billion.
FAAC, in a communiqué, indicated that a total gross revenue of N2.849 trillion was available in April 2025. Total deduction for cost of collection was N101.051 billion, while total transfers, interventions, refunds, and savings were N1066.442 billion.
The communiqué stated 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 sum of N556.741 billion.
The local government council received N406.627 billion, while the sum of N152.553 billion (13% of mineral revenue) was shared with the benefiting state as derivation revenue.
On the N962.882 billion distributable statutory revenue, the communiqué 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 per cent of mineral revenue) was shared with 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.
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 Local Government Councils received N13.602 billion.
From the N81.407 billion Exchange Difference, the communiqué 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 per cent of mineral revenue) was shared among the benefiting States as derivation revenue.
The communique noted that in April 2025, Petroleum Profit Tax(PPT), Oil and Gas Royalty, EMTL, Value Added Tax (VAT), Excise Duty, Import Duty, and CET Levies increased significantly while Companies Income Tax (CIT) decreased considerably.
