The Federation Account Allocation Committee (FAAC) disbursed N1.681 trillion to federal, state, and local governments as April 2025 allocation.
This marks a notable rise from the N1.578 trillion shared in March, driven by increased revenue from oil and tax sources.
The gross revenue for April stood at N2.848 trillion, with key contributors including Petroleum Profit Tax (PPT), Oil and Gas Royalties, VAT, Electronic Money Transfer Levy (EMTL), Excise and Import Duties. Only Company Income Tax saw a decline.
Minister Edun applauds revenue performance
Chairing the meeting in Abuja, Finance Minister Wale Edun praised the committee’s dedication and highlighted domestic revenue mobilization as vital to Nigeria’s economic stability and development agenda.
From the N1.681 trillion shared, the federal government received N565.307 billion, states got N556.741 billion, and local governments received N406.627 billion.
Oil-producing states also took N152.553 billion as 13% derivation.
VAT and levy contributions detailed
The gross VAT collection hit N642.265 billion in April, an increase from March’s N637.618 billion.
After deductions, N598.077 billion was distributed among the three tiers. The FG received N89.712 billion, states N299.039 billion, and LGs N209.327 billion.
As with previous months, FAAC made no mention of the balance in the Excess Crude Account (ECA), last disclosed to be just above $400,000.
