Sign in Subscribe
Local government

Federation Account Allocation Committee Shares N1.818 Trillion for June Revenue

Strategic Insights

— 1 min read

The Federation Account Allocation Committee (FAAC) has shared a total sum of N1.818 trillion, being June revenue to the Federal Government, states, and local government areas (LGs). The revenue was distributed at the July 2025 Federation Account Allocation Committee meeting held in Abuja. The total revenue comprised statutory revenue, Value Added Tax (VAT) revenue, Electronic Money Transfer Levy (EMTL), Exchange Difference revenue, and N100 billion Augmentation from Non-Mineral revenue.

Key Takeaways:

  • The total revenue shared by FAAC in June 2025 was N1.818 trillion, comprising statutory revenue of N1.018 trillion, VAT revenue of N631.507 billion, EMTL of N29.165 billion, Exchange Difference revenue of N38.849 billion, and N100 billion Augmentation from Non-Mineral revenue.
  • Total gross revenue available in June 2025 was N4.232 trillion, while total deduction for cost of collection was N162.786 billion, and total transfers, interventions, refunds, and savings was N2.251 trillion.
  • The Federal Government received a total sum of N645.383 billion, while states received a total sum of N607.417 billion, and LGs received N444.853 billion.
  • From the N1.018 trillion statutory revenue, the Federal Government received N474.455 billion and the state governments received N240.650 billion, while the LGs received N185.531 billion.
  • The Federal Government received N52.680 billion, the state governments received N26.720 billion, and the LGs received N20.600 billion from the N100 billion Augmentation.
  • Companies Income Tax, Petroleum Profit Tax, and EMTL increased significantly in June, while Oil and Gas Royalty, VAT, Import Duty, Excise Duty, and CET Levies decreased considerably.

Statistics:

  • Total revenue shared by FAAC in June 2025: N1.818 trillion
  • Statutory revenue: N1.018 trillion
  • VAT revenue: N631.507 billion
  • EMTL: N29.165 billion
  • Exchange Difference revenue: N38.849 billion
  • N100 billion Augmentation from Non-Mineral revenue
  • Total gross revenue available in June 2025: N4.232 trillion
  • Total deduction for cost of collection: N162.786 billion
  • Total transfers, interventions, refunds, and savings: N2.251 trillion

Sources:

  • News Agency of Nigeria, July 19, 2025
  • Communique from FAAC, made available by Bawa Mokwa, Director, Press and Public Relations, Office of the Accountant-General of the Federation (OAGF)

Read more