In Abuja, Nigeria, the Federation Account Allocation Committee (FAAC) has allocated N1.681 trillion to various government levels for April 2025. This significant distribution, as stated by Mohammed Manga, FCIA Director of Information and Public Relations, stems from a total gross amount of N2.848 trillion.
. The meeting, chaired by Finance Minister Wale Edun, ensured fair distribution to support national development.
Specifically, the Federal Government received N565.307 billion, while states collected N556.741 billion.
Local Government Councils received N406.627 billion. Meanwhile, Oil Producing States obtained N152.553 billion as their share of the 13% mineral revenue derivation.
Additionally, N101.051 billion covered collection costs, and N1.066 trillion went to Transfers, Intervention, and Refunds.
The FAAC report revealed that April’s Gross VAT revenue rose to N642.265 billion, up from N637.618 billion in March. After deductions, N598.077 billion remained, with the Federal Government taking N89.712 billion, states receiving N299.039 billion, and Local Governments getting N209.327 billion.
Furthermore, Gross Statutory Revenue surged to N2.084 trillion, N365.595 billion higher than March.
Initially, the allocation included N73.741 billion for collection costs and N1.047 trillion for transfers. Consequently, the remaining N962.882 billion was shared among various government tiers.
Specifically, the Federal Government secured N431.307 billion, while states received N218.765 billion for their needs. Additionally, Local Governments obtained N168.659 billion, and Oil Producing States earned N144.151 billion.
Moreover, the Electronic Money Transfer Levy (EMTL) generated N40.481 billion, with N38.862 billion effectively distributed thereafter. As a result, the Federal Government received N5.829 billion, while states collected N19.431 billion for diverse projects.
Furthermore, Local Governments gathered N13.602 billion, which led to an allocation of N1.619 billion for collection costs.
Furthermore, the Exchange Difference revenue generated N81.407 billion, which various government tiers distributed effectively across their operations.
Specifically, the Federal Government received N38.459 billion, while states acquired N19.507 billion to support their activities. Consequently, Local Governments obtained N15.039 billion, and Oil Producing States secured N8.402 billion for their development initiatives.
Moreover, notable increases occurred in Petroleum Profit Tax, Oil and Gas Royalties, VAT, and other levies. In contrast, Company Income Tax experienced a decline, reflecting shifts in the revenue landscape.
In summary, April’s total distributable revenue included N962.882 billion from Statutory Revenue, N598.077 billion from VAT, N38.862 billion from EMTL, and N81.407 billion from Exchange Difference. This transparent allocation highlights the government’s dedication to equitable resource sharing, fostering economic growth and stability nationwide.
By prioritizing fair distribution, FAAC ensures all tiers of government receive necessary funds to drive development and improve public welfare. This system strengthens fiscal responsibility and promotes balanced progress across Nigeria’s diverse regions.