The Federation Account Allocation Committee (FAAC) has shared a total sum of ₦1.818 trillion among the three tiers of government as revenue generated in the month of June 2025.
This was disclosed in a communiqué issued at the end of the FAAC meeting held in Abuja in July 2025, and announced in a Saturday statement by the Office of the Accountant General of the Federation. The statement, signed by the Director of Press and Public Relations, Bawa Mokwa, detailed the breakdown of the revenue allocation.
According to the communiqué, the ₦1.818tn distributable revenue comprised ₦1.018tn statutory revenue, ₦631.507bn from Value Added Tax (VAT), ₦29.165bn from the Electronic Money Transfer Levy (EMTL), ₦38.849bn as Exchange Difference revenue, and ₦100bn as augmentation from non-mineral revenue.
The document further stated that gross revenue available in June stood at ₦4.232tn. From this amount, deductions for the cost of collection amounted to ₦162.786bn, while total transfers, interventions, refunds, and savings stood at ₦2.251tn.
A further breakdown showed that gross statutory revenue for June 2025 was ₦3.485tn, an increase of ₦1.390tn from the ₦2.094tn recorded in May 2025.
However, VAT revenue dropped to ₦678.165bn in June from ₦742.820bn in May, representing a decline of ₦64.655bn.
From the total distributable revenue of ₦1.818tn, the Federal Government received ₦645.383bn, the 36 states got ₦607.417bn, and the 774 local government councils received ₦444.853bn. The sum of ₦120.759bn was shared to oil-producing states as 13 per cent derivation revenue.
On the statutory revenue of ₦1.018tn, the Federal Government received ₦474.455bn, the State Governments ₦240.650bn, and the Local Government Councils ₦185.531bn. The sum of ₦118.256bn was shared as derivation to the benefiting states.
From the ₦631.507bn VAT revenue, the Federal Government got ₦94.726bn, while States and LGs received ₦315.754bn and ₦221.027bn respectively.
The EMTL revenue of ₦29.165bn was distributed as follows: Federal Government – ₦4.375bn, States – ₦14.582bn, and LGs – ₦10.208bn.
For the ₦38.849bn Exchange Difference revenue, the Federal Government got ₦19.147bn, States received ₦9.712bn, and LGs got ₦7.487bn, while ₦2.503bn was allocated as derivation to oil-producing states.
On the ₦100bn augmentation from non-mineral revenue, the Federal Government received ₦52.680bn, the States got ₦26.720bn, and LGs received ₦20.600bn.
The communiqué noted that while Companies Income Tax (CIT), Petroleum Profit Tax (PPT), and EMTL increased significantly in the month under review, revenue from Oil and Gas Royalty, VAT, Import Duty, Excise Duty, and CET Levies recorded significant declines.
