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Federation Account Allocation Committee Disburses N1.659 Trillion in May 2025

Strategic Insights

— 1 min read

The Federation Account Allocation Committee (FAAC) has disbursed a total of N1.659 trillion to the Federal Government, State Governments, and Local Government Councils as revenue generated in May 2025. The revenue was shared during the June 2025 FAAC meeting held in Abuja. The distributable revenue comprised distributable statutory revenue of N863.895 billion, distributable Value Added Tax (VAT) revenue of N691.714 billion, Electronic Money Transfer Levy (EMTL) revenue of N27.667 billion, and Exchange Difference revenue of N76.614 billion.

Key Takeaways:

  • The total distributable revenue for May 2025 was N1.659 trillion, consisting of N863.895 billion in statutory revenue, N691.714 billion in VAT revenue, N27.667 billion in EMTL revenue, and N76.614 billion in Exchange Difference revenue.
  • The Federal Government received N538.004 billion, State Governments received N577.841 billion, and Local Government Councils received N419.968 billion from the total distributable revenue.
  • The distribution of N863.895 billion in statutory revenue was N393.518 billion to the Federal Government, N199.598 billion to the State Governments, N153.881 billion to the Local Government Councils, and N116.898 billion to benefiting States as derivation revenue.
  • From the N691.714 billion VAT revenue, the Federal Government received N103.757 billion, the State Governments received N345.857 billion, and the Local Government Councils received N242.100 billion.
  • The Electronic Money Transfer Levy (EMTL) revenue of N27.667 billion was distributed as N4.150 billion to the Federal Government, N13.833 billion to the State Governments, and N9.683 billion to the Local Government Councils.
  • In May 2025, Companies Income Tax (CIT), Value Added Tax (VAT), and Import Duty increased significantly, while CET Levies, Petroleum Profit Tax (PPT), Oil and Gas Royalty, and Electronic Money Transfer Levy (EMTL) recorded decreases. Excise Duty increased only marginally.

Statistics:

  • Total distributable revenue for May 2025: N1.659 trillion
  • Distributable statutory revenue: N863.895 billion
  • Distributable VAT revenue: N691.714 billion
  • Distributable EMTL revenue: N27.667 billion
  • Distributable Exchange Difference revenue: N76.614 billion
  • Revenue shared to the Federal Government: N538.004 billion
  • Revenue shared to the State Governments: N577.841 billion
  • Revenue shared to the Local Government Councils: N419.968 billion
  • 13% of mineral revenue shared to benefiting States: N124.076 billion (from N1.659 trillion total) and N116.898 billion (from N863.895 billion statutory revenue)

Sources:

  • Communique issued by the Federation Account Allocation Committee (FAAC)
  • Federation Account Allocation Committee (FAAC) meeting held in Abuja in June 2025

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