The Federation Account Allocation Committee (FAAC) has disbursed a total of N1.818 trillion to the Federal, State, and Local Governments as revenue generated in June 2025.
The announcement was made in a communiqué by the Office of the Accountant-General of the Federation following the July FAAC meeting in Abuja. According to the breakdown, the total distributable revenue was derived from various sources, including:
Statutory Revenue: N1.018 trillion
Value Added Tax (VAT): N631.507 billion
Electronic Money Transfer Levy (EMTL): N29.165 billion
Exchange Difference Revenue: N38.849 billion
Non-Mineral Revenue Augmentation: N100 billion
Allocation by Tier
The shared N1.818 trillion was distributed as follows:
Federal Government: N645.38 billion
State Governments: N607.41 billion
Local Government Councils: N444.85 billion
Derivation Revenue (13% of mineral revenue): N120.76 billion to oil-producing states
Revenue Performance
June recorded a gross revenue of N4.232 trillion, up from May’s figure. After deducting collection costs (N162.79 billion) and statutory transfers (N2.251 trillion), the balance was shared.
While there was a notable rise in Companies Income Tax, Petroleum Profit Tax, and EMTL collections, revenues from VAT, Import Duty, Excise Duty, and Oil and Gas Royalties saw declines.
Statutory Revenue Sharing
From the N1.018 trillion statutory revenue, the Federal Government received N474.46 billion, states got N240.65 billion, and LGs received N185.53 billion. Oil-producing states shared N118.26 billion in derivation revenue.
VAT Breakdown
From the N631.507 billion VAT pool:
FG got N94.73 billion
States received N315.75 billion
LGs took N221.03 billion
Other revenue categories like EMTL, Exchange Gain, and the N100 billion augmentation were also distributed proportionally.
Implications
This disbursement is expected to boost fiscal operations across all levels of government, particularly in funding ongoing development projects and managing recurrent expenditure.
