The Federation Account Allocation Committee (FAAC) has disbursed a total of ₦1.681 trillion to the Federal Government, 36 states, and 774 local government councils as revenue for the month of April 2025.
This reflects a 6.5% increase (₦110 billion) compared to the ₦1.578 trillion shared in March.
This was disclosed in a statement on Friday by Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant-General of the Federation.
According to Mokwa, the revenue was distributed during FAAC’s monthly meeting held in May 2025 in Abuja. The allocation comprised revenues from statutory sources, VAT, the Electronic Money Transfer Levy (EMTL), and exchange rate gains.
“The total distributable revenue of ₦1.681tn comprised ₦962.88bn from statutory revenue, ₦598.08bn from VAT, ₦38.86bn from EMTL, and ₦81.41bn from exchange difference,” the statement noted.
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Breakdown of VAT
Gross VAT revenue for April stood at ₦642.265bn, marking an increase of ₦4.647bn from the previous month. From this, ₦25.691bn was set aside as cost of collection, and ₦18.497bn allocated for transfers and refunds.
The remaining ₦598.08bn was distributed among the three tiers of government:
Federal Government: ₦89.712bn
States: ₦299.039bn
Local Governments: ₦209.327bn
Statutory Revenue Distribution
April’s gross statutory revenue amounted to ₦2.084tn, a significant rise from ₦1.718tn recorded in March — representing a ₦365.595bn increase.
From this figure:
₦73.741bn went to collection costs
₦1.047tn was earmarked for transfers, interventions, and refunds
The distributable balance of ₦962.882bn was shared as follows:
Federal Government: ₦431.307bn
States: ₦218.765bn
Local Governments: ₦168.659bn
13% Derivation (Oil Producing States): ₦144.151bn
EMTL and Exchange Difference
From the ₦40.481bn EMTL revenue, ₦38.862bn was distributed:
Federal Government: ₦5.829bn
States: ₦19.431bn
LGAs: ₦13.602bn
₦1.619bn covered cost of collection
On exchange difference earnings of ₦81.40bn:
Federal Government: ₦38.45bn
States: ₦19.50bn
Local Governments: ₦15.03bn
Oil-producing states: ₦8.40bn
This surge in monthly allocation comes as the government continues to grapple with rising fiscal demands, inflation, and exchange rate adjustments — all of which have direct implications on national and sub-national finances.