The Federation Account Allocation Committee (FAAC) has disbursed an unprecedented N1.818 trillion to Nigeria’s federal, state, and local governments for June 2025 revenue, marking the highest monthly allocation this year. The announcement was made in Abuja following the latest FAAC meeting, as confirmed by the Office of the Accountant General of the Federation (OAGF).
This month’s allocation exceeds previous distributions, including N1.659 trillion in May, N1.681 trillion in April, and N1.703 trillion in January. The breakdown includes N1.018 trillion from statutory revenue, N631.507 billion from Value Added Tax (VAT), N29.165 billion from the Electronic Money Transfer Levy (EMTL), N38.849 billion from exchange difference revenue, and N100 billion from non-mineral revenue augmentation.
Total revenue for June stood at N4.232 trillion, with deductions of N162.786 billion for collection costs and N2.251 trillion for transfers, interventions, and savings. Statutory revenue surged by N1.390 trillion to N3.485 trillion, while VAT earnings dropped by N64.655 billion to N678.165 billion compared to May.
The Federal Government received N645.383 billion, states collected N607.417 billion, and local governments were allocated N444.853 billion. Additionally, oil-producing states gained N120.759 billion as 13% derivation revenue.
Statutory revenue was shared as follows: Federal Government (N474.455 billion), states (N240.650 billion), local governments (N185.531 billion), and oil-producing states (N118.256 billion). VAT distribution saw the Federal Government taking N94.726 billion, states receiving N315.754 billion, and local governments getting N221.027 billion. Other revenue streams, including EMTL and exchange differences, followed similar distribution patterns.
FAAC reported significant rises in Companies Income Tax, Petroleum Profit Tax, and EMTL, while Oil and Gas Royalties, VAT, and import-related taxes declined. The record allocation is anticipated to alleviate financial strains across government tiers, aiding in meeting obligations and advancing development projects amid economic challenges.
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