FAAC distributes N1.681trn to FG, states, LGs in April
Omeiza Bilal
A total sum of N1.681 trillion, being April 2025 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils as allocation for the month of April.
The amount which was shared at the May 2025 Federation Account Allocation Committee (FAAC) meeting held Friday in Abuja, comprised of statutory revenue of N962.882 billion, Value Added Tax (VAT) of N598.077 billion, Electronic Money Transfer Levy (EMTL) of N38.862 billion and Exchange Difference of N81.407 billion.
According to the Federation Account Allocation Committee (FAAC) a total gross revenue of N2,848.721 trillion was available in the month of April 2025.
Total deduction for cost of collection was N101.051 billion while total transfers, interventions, refunds and savings was N1066.442 billion.
According to the Committee, the gross statutory revenue of N2,084.568 trillion was higher than the sum of N1,718.973 trillion received in the month of March 2025 by N365.595 billion.
Also, Gross revenue of N642.265 billion was available from the Value Added Tax (VAT) in April 2025. This was higher than the N637.618 billion available in the month of March 2025 by N4.647 billion.
From the total distributable revenue, the federal government received a total sum of N565.307 billion, the states got N556.741 billion, Local governments received N406.627 billion, while the sum of N152.553 billion (13% of mineral revenue) was shared to the benefiting State as derivation revenue.
On the N962.882 billion distributable statutory revenue, FAAC stated that the federal government got N431.307 billion, states received N218.765 billion, the Local governments received N168.659 billion and the sum of N144. 151 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.
For VAT, FAAC distributed the sum of N598.077 billion. The FG received N89.712 billion, states N299.039 billion, and LGs N209.327 billion.
A total sum of N5.829 billion was received by the federal government from the N38.862 billion Electronic Money Transfer Levy (EMTL). The states received N19.431 billion while the Local governments got N13.602 billion.
From the N81.407 billion Exchange Difference, the communiqué stated that the FG received N38.459 billion, states received N19.507 billion, LGs received N15.039 billion, while the sum of N8.402 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.
In April 2025, Petroleum Profit Tax(PPT), Oil and Gas Royalty, Electronic Money Transfer Levy (EMTL), Value Added Tax (VAT), Excise Duty, Import Duty and CET Levies increased significantly while Companies Income Tax (CIT) decreased considerably.
