FAAC 2025 Revenue:FG,States, LGCS Share N1.578 Trillion

A total sum of N1.578 trillion, being March 2025 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils as the March 2025 Federation Account Revenue.

The revenue was shared at the April 2025 Federation Account Allocation Committee meeting in Abuja; .

A statement by the Director Press and Public Relations for the Office of the Accountant General of the Federation explains that the total sum comprised distributable statutory revenue of N931.325 billion, distributable Value Added Tax (VAT) revenue of N 593.750 billion, Electronic Money Transfer Levy (EMTL) revenue of N24.971 billion and Exchange Difference revenue of N28.711 billion.

According to the statement, the total gross revenue of N2.411 trillion was available in the month of March 2025, total deduction for cost of collection was N85.376 billion while total transfers, interventions and refunds was N747.180 billion.

The communiqué stated that gross statutory revenue of N1.718 trillion was received for the month of March 2025. This was higher than the sum of N1.653 trillion received in the month of February 2025 by N65.422 billion.

Gross revenue of N637.618 billion was available from the Value Added Tax (VAT) in March 2025, lower than the N654.456 billion available in the month of February 2025 by N16.838 billion.

The statement stresses that from the total distributable revenue of N1.578 trillion, the Federal Government received total sum of N528.696 billion and the State Governments received total sum of N530.448 billion, while The Local Government Councils received total sum of N387.002 billion and a total sum of N132.611 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.

PR/Umbwanko Baba