The Federation Account Allocation Committee (FAAC) has shared a total of N1.818 trillion among the federal, state, and local governments as revenue generated in June 2025.
The allocation was announced in a communiqué issued after the FAAC meeting held in Abuja and released by Bawa Mokwa, Director of Press at the Office of the Accountant General of the Federation.
According to the statement, the distributable revenue comprised statutory revenue of N1.018 trillion, Value Added Tax (VAT) of N631.51 billion, Electronic Money Transfer Levy (EMTL) of N29.17 billion, exchange difference revenue of N38.85 billion, and an augmentation of N100 billion from non-mineral sources.
From the total amount, the Federal Government received N645.38 billion, state governments got N607.42 billion, and local government councils were allocated N444.85 billion. In addition, oil-producing states received N120.76 billion as 13 percent derivation revenue.
Out of the N1.018 trillion statutory revenue, the Federal Government received N474.46 billion, while states and local governments got N240.65 billion and N185.53 billion respectively. Benefiting oil-producing states received N118.26 billion from this amount as derivation.
From the VAT revenue of N631.51 billion, the Federal Government received N94.73 billion, state governments received N315.75 billion, and local government councils got N221.03 billion.
The EMTL revenue of N29.17 billion was shared with the Federal Government receiving N4.38 billion, states receiving N14.58 billion, and local councils getting N10.21 billion. The exchange difference revenue of N38.85 billion was shared with N19.15 billion going to the Federal Government, N9.71 billion to states, and N7.49 billion to local governments. A further N2.50 billion from this revenue was also allocated to oil-producing states as derivation.
From the N100 billion augmentation from non-mineral revenue, the Federal Government received N52.68 billion, the states received N26.72 billion, and local government councils were allocated N20.60 billion.
The communiqué noted that the total gross revenue available in June stood at N4.232 trillion. Deductions for the cost of revenue collection amounted to N162.79 billion, while total transfers, interventions, refunds, and savings accounted for N2.251 trillion.
The gross statutory revenue for June was N3.485 trillion, showing an increase of over N1.39 trillion compared to the N2.094 trillion recorded in May 2025. However, VAT revenue declined, falling to N678.17 billion from N742.82 billion in May — a shortfall of N64.66 billion.
The committee also reported significant increases in Companies Income Tax (CIT), Petroleum Profit Tax (PPT), and the Electronic Money Transfer Levy during the period under review. However, it recorded declines in Oil and Gas Royalties, VAT, Import and Excise Duties, and Common External Tariff (CET) levies.
FAAC’s monthly meetings are responsible for the distribution of federally collected revenues in line with Nigeria’s revenue allocation formula.
