Federal, state, and LGs share N1.681trn FAAC allocation for April

Innocent RaphaelMay 16, 2025

1 minute read

The Federation Account Allocation Committee (FAAC) has shared a total of N1.681 trillion among the federal, state, and local governments as federation allocation for April 2025. The disbursement was made during FAAC’s May 2025 meeting chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun.

The allocation came from a gross revenue of N2.848 trillion, comprising statutory revenue, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL), and exchange rate gains. From this total, the Federal Government received N565.307 billion, states got N556.741 billion, and local government councils received N406.627 billion. Oil-producing states received N152.553 billion as 13% derivation revenue.

A total of N101.051 billion was earmarked for collection costs, while N1.066 trillion went to transfers, interventions, and refunds. VAT revenue for April stood at N642.265 billion, of which N598.077 billion was distributed after deductions. The Federal Government received N89.712 billion, states got N299.039 billion, and local governments received N209.327 billion.

Statutory revenue for the month was N2.084 trillion, higher than March’s N1.718 trillion. After deductions, N962.882 billion was shared, with the Federal Government receiving N431.307 billion, states N218.765 billion, local governments N168.659 billion, and oil-producing states N144.151 billion as derivation.

From the EMTL pool of N40.481 billion, N38.862 billion was distributed: the Federal Government received N5.829 billion, states got N19.431 billion, and local governments received N13.602 billion. The balance of N1.619 billion went to collection costs.

Exchange rate gains contributed N81.407 billion to the allocation. The Federal Government received N38.459 billion, states N19.507 billion, local governments N15.039 billion, and oil-producing states N8.402 billion.

The communiqué noted significant increases in Petroleum Profit Tax (PPT), oil and gas royalties, VAT, EMTL, excise duty, import duty, and CET levies. However, Company Income Tax (CIT) experienced a decline.

In his remarks, Minister Wale Edun emphasized the importance of domestic revenue mobilization as essential for Nigeria’s long-term sustainable development. He commended FAAC members for their commitment and resilience in revenue management and allocation.