By Abdul Lauya
The Federation Account Allocation Committee (FAAC) has disbursed a total of N1.681 trillion to the federal, state, and local governments for April 2025.
This marks a N103 billion increase compared to the N1.578 trillion shared in March, reflecting improved revenue performance.
According to a communiqué released after the FAAC meeting held in Abuja and chaired by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, the increased allocation was driven by a notable rise in Petroleum Profit Tax (PPT), Oil and Gas Royalties, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL), Excise Duty, Import Duty, and CET Levies. However, Company Income Tax (CIT) recorded a decline during the period.
Mr. Edun commended the Committee for its dedication and emphasized the importance of domestic revenue mobilisation as a foundation for long-term sustainable development financing in Nigeria.
The total distributable revenue of N1.681 trillion comprised:
- Statutory Revenue: N962.882 billion
- VAT: N598.077 billion
- EMTL: N38.862 billion
- Exchange Difference: N81.407 billion
Disbursement breakdown:
- Federal Government: N565.307 billion
- State Governments: N556.741 billion
- Local Government Councils: N406.627 billion
- Oil-Producing States (13% derivation): N152.553 billion
Additionally, N101.051 billion was deducted for the cost of collection, while N1.066 trillion was set aside for Transfers, Interventions, and Refunds.
From the N642.265 billion generated from VAT in April, N598.077 billion was distributed after deducting N25.691 billion for collection costs and N18.497 billion for Transfers and Refunds.
Of this, the federal government received N89.712 billion, states got N299.039 billion, and local governments were allocated N209.327 billion.
Notably, no update was provided on the balance in the Excess Crude Account (ECA), which last stood at just over $400,000.
