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

The Federation Account Allocation Committee (FAAC) has distributed a total of N1.681tn as revenue generated in April 2025 to the Federal Government, 36 states, and 774 local government councils.

This was disclosed in a communiqué issued after the FAAC meeting held in Abuja on Friday.

According to the statement from the Office of the Accountant General of the Federation, the shared amount comprises statutory revenue of N962.88bn, Value Added Tax (VAT) revenue of N598.07bn, Electronic Money Transfer Levy (EMTL) revenue of N38.86bn, and Exchange Difference of N81.4bn.

The communiqué revealed that the gross revenue available for April stood at N2.848tn, from which N101.051bn was deducted for the cost of collection, and N1.066tn accounted for transfers, interventions, refunds, and savings.

Gross statutory revenue for April rose to N2.085tn, showing an increase of N365.595bn compared to the N1.719tn recorded in March 2025. Similarly, VAT revenue rose slightly from N637.618bn in March to N642.265bn in April, an increase of N4.647bn.

From the total distributable revenue of N1.681tn, allocations were made as follows: Federal Government (N565.307bn), State Governments (N556.74bn), Local Government Councils (N406.62bn) and 13 per cent Derivation Revenue to Oil-Producing States (N152.55bn)

Of the statutory revenue of N962.882bn, the Federal Government received N431.307bn, states received N218.765bn, local governments received N168.659bn, and oil-producing states received N144.151bn as derivation revenue.

Under the N38.862bn EMTL, the federal government received N5.829bn, the states got N19.431bn, and local governments received N13.602bn.

FG, States, LGs Share N1.681tn Revenue For April is first published on The Whistler Newspaper