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FG, States, LGs Share N1.681tn In April Revenue

ovanews 2 months ago 2 min read
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FG, States, LGs Share N1.681tn In April Revenue

The Federal Government, states, and Local Government Councils (LGCs) received a total allocation of N1.681 trillion from April 2025 revenue.

This distribution took place during the Federation Account Allocation Committee (FAAC) meeting held in Abuja on Friday.

According to information released by Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant-General of the Federation (OAGF), the distributed funds comprised various revenue sources.

“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.

The breakdown shows that the N1.681 trillion included N962.882 billion in statutory revenue, N598.077 billion from Value Added Tax (VAT), N38.862 billion from Electronic Money Transfer Levy (EMTL), and N81.407 billion from Exchange Difference.

The Federal Government received N565.307 billion from the total distribution, while state governments collectively got N556.741 billion.

“The LGCs received N406.627 billion, while the sum of N152.553 billion (13 per cent of mineral revenue) was shared to the benefiting State as derivation revenue,” it said.

From the statutory revenue component of N962.882 billion, the Federal Government’s share was N431.307 billion, states received N218.765 billion, and local governments got N168.659 billion.

“The sum of N144.151 billion (13 per cent of mineral revenue) was shared among 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 total available gross revenue for April 2025 was N2,848.721 trillion. Revenue sources that showed significant increases during the month included Petroleum Profit Tax, Oil and Gas Royalty, EMTL, VAT, Excise Duty, Import Duty, and CET Levies, while Companies Income Tax experienced a considerable decrease.

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