The Federal Ministry of Finance disclosed last night in Abuja that the Federation Account Allocation Committee (FAAC) shared a total of N1.681 trillion to the three tiers of government for April 2025. The federation’s total earnings for the month amounted to N2.848 trillion.

According to the Ministry’s Director of Press, Mr. Mohammed Manga, the revenue came from Statutory Revenue, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL), and Exchange Difference.

Details of the Allocation showed that the Federal Government received N565.307 billion, the States received N556.741 billion, the Local Government Councils got N406.627 Billion, while the Oil Producing States received N152.553 Billion as Derivation, (13% of Mineral Revenue).

The sum of N101.051 Billion was given for the cost of collection, while N1.066 Trillion was allocated for Transfers Intervention and Refunds.

The Gross Revenue available from the Value Added Tax (VAT) for the month of April 2025, was N642.265 Billion as against N637.618 Billion distributed in the precee ding month, resulting in an increase of N4.647 Billion.

From that amount, the sum of N25.691Billion was allocated for the cost of collection and the sum of N18.497 billion given for Transfers, Intervention and Refunds.

The remaining sum of N598.077 billion was distributed to the three tiers of government, of which the Federal Government got N89.712 billion, the States received N299.039 billion and Local Government Councils got N209.327 billion.

The Gross Statutory Revenue of N2.084 trillion received for the month was higher than the sum of N1.718 trillion received in the previous month by N365.595 billion.

From the stated amount, the sum of N73.741 billion was allocated for the cost of collection and a total sum of N1.047 trillion for Transfers, Intervention and Refunds.

The balance of N962.882 billion was distributed as follows to the three tiers of government: Federal Government got the sum of N431.307 billion, States received N218.765 billion, the sum of N168.659 billion was allocated to LGCs and N144.151 billion was given to Derivation Revenue (13% Mineral producing States).

Also, out of the sum of N40.481 billion from Electronic Money Transfer Levy (EMTL), the sum of N38.862 billion was distributed to the three (3) tiers of government as follows: the Federal Government received N5.829 billion, States got N19.431 billion, Local Government Councils received N13.602 billion. The remaining balance of N1.619 billion was allocated for Cost of Collection.

Similarly, the sum of N81.407 billion from Exchange Difference was distributed to the three tiers of Government as follows: Federal government got N38.459 billion, the State received N19.507 billion, the LGCs got N15.039 billion, while the Oil producing States received N8.402 billion.

Petroleum Profit Tax (PPT), Oil and Gas Royalty, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL), Excise Duty, Import Duty and CET Levies increased significantly, while Company Income Tax (CIT) recorded a decrease.