By Abdul Lauya
The Federation Account Allocation Committee disbursed N1.681 trillion to federal, state, and local governments for April 2025.
The amount marks a N103 billion rise from the N1.578 trillion shared in March.
The increase was driven by higher Petroleum Profit Tax, VAT, EMTL, Oil and Gas Royalties, Import and Excise Duties, and CET Levies.
Company Income Tax, however, recorded a decline during the period.
Finance Minister Wale Edun, who chaired the May meeting, commended FAAC’s resilience in fiscal management.
He emphasized domestic revenue mobilisation as key to Nigeria’s long-term financial sustainability.
A communique stated the disbursed funds included N962.882 billion statutory revenue and N598.077 billion VAT.
It also comprised N38.862 billion from Electronic Money Transfer Levy and N81.407 billion from Exchange Difference.
From the total, the federal government received N565.307 billion and states got N556.741 billion.
Local councils were allocated N406.627 billion, while oil-producing states received N152.553 billion as 13% derivation.
Collection costs accounted for N101.051 billion, and N1.066 trillion was earmarked for transfers and refunds.
VAT gross revenue for April rose slightly to N642.265 billion from March’s N637.618 billion.
After deductions, N598.077 billion from VAT was shared among all three levels of government.
From VAT, the federal government got N89.712 billion, states N299.039 billion, and LGAs N209.327 billion.
FAAC made no comment on the Excess Crude Account, whose last known balance exceeded $400,000.
