The Federation Account Allocation Committee (FAAC) has shared a total of ₦1.818 trillion among the federal, state, and local governments as revenue accrued in June 2025.
This was revealed in a statement released on Saturday by the Office of the Accountant General of the Federation, signed by the Director of Press and Public Relations, Bawa Mokwa. The revenue distribution followed the FAAC’s meeting in July 2025, held in Abuja.
According to a communiqué issued after the meeting, the total disbursement included ₦1.018 trillion in statutory revenue, ₦631.507 billion from Value Added Tax (VAT), ₦29.165 billion from the Electronic Money Transfer Levy (EMTL), ₦38.849 billion in exchange rate gains, and ₦100 billion as augmentation from non-mineral sources.
The document also noted that June’s gross revenue reached ₦4.232 trillion. From that amount, ₦162.786 billion was deducted for collection costs, while ₦2.251 trillion was earmarked for transfers, refunds, interventions, and savings.
Statutory revenue alone climbed to ₦3.485 trillion in June, marking a significant rise of ₦1.390 trillion compared to ₦2.094 trillion recorded in May. Meanwhile, VAT revenue declined by ₦64.655 billion, falling to ₦678.165 billion in June from ₦742.820 billion in the previous month.
Allocation analysis
In terms of allocation, the Federal Government received ₦645.383 billion, while the states received ₦607.417 billion and local government councils received ₦444.853 billion. Additionally, ₦120.759 billion, representing 13% of mineral revenue, was allocated to oil-producing states as derivation.
From the statutory revenue portion of ₦1.018 trillion, the federal government received ₦474.455 billion, states got ₦240.650 billion, and ₦185.531 billion went to local governments. Oil-producing states also got ₦118.256 billion as derivation.
Out of the ₦631.507 billion VAT collection, ₦94.726 billion was allocated to the federal government, ₦315.754 billion to states, and ₦221.027 billion to local governments.
For the EMTL proceeds of ₦29.165 billion, ₦4.375 billion went to the federal government, ₦14.582 billion to states, and ₦10.208 billion to local government councils.
Exchange rate gains amounting to ₦38.849 billion were also shared, with the federal government getting ₦19.147 billion, states ₦9.712 billion, and local councils ₦7.487 billion. An additional ₦2.503 billion was allocated to oil-producing states as derivation.
The ₦100 billion non-mineral revenue augmentation was split as follows: ₦52.680 billion to the federal government, ₦26.7 billion to states, and ₦20.6 billion to local governments.
The communiqué highlighted improved earnings from Companies Income Tax (CIT), Petroleum Profit Tax (PPT), and the EMTL in June, but noted lower receipts from Oil and Gas Royalties, VAT, Import and Excise Duties, and Common External Tariff (CET) levies.
