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Federation Account Revenue Shared to Federal, State, and Local Governments Totals N1.659 Trillion

Strategic Insights

— 1 min read

The May 2025 Federation Account Revenue has been shared to the Federal Government, States, and Local Government Councils, totaling N1.659 trillion. The revenue was shared at the June 2025 Federation Account Allocation Committee (FAAC) meeting in Abuja. The total 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 sum of N1.659 trillion was shared to the Federal Government, States, and Local Government Councils in May 2025.
  • The Federal Government received a total sum of N538.004 billion, while the State Governments received a total sum of N577.841 billion.
  • The Local Government Councils received a total sum of N419.968 billion.
  • The sum of N124.076 billion (13% of mineral revenue) was shared to the benefiting State as derivation revenue.
  • The total gross revenue available in May 2025 was N2.942 trillion.
  • The gross statutory revenue received for the month of May 2025 was N2.094 trillion, which is N10.023 billion higher than the sum received in April 2025.
  • The gross revenue available from Value Added Tax (VAT) in May 2025 was N742.820 billion, which is N100.555 billion higher than the revenue available in April 2025.

Statistics:

  • Total distributable revenue: N1.659 trillion
  • Distributable statutory revenue: N863.895 billion
  • Distributable Value Added Tax (VAT) revenue: N691.714 billion
  • Electronic Money Transfer Levy (EMTL) revenue: N27.667 billion
  • Exchange Difference revenue: N76.614 billion
  • Total gross revenue: N2.942 trillion
  • Total deductions for cost of collection: N111.908 billion
  • Total transfers, interventions, and refunds: N1.171 trillion
  • Gross statutory revenue received in May 2025: N2.094 trillion
  • Gross revenue available from Value Added Tax (VAT) in May 2025: N742.820 billion

Sources:

  • A statement issued by the Director of Press and Public Relations, Office of the Accountant General of the Federation (OAGF), Bawa Mokwa, to newsmen in Abuja on Wednesday.
  • A communique issued by the Federation Account Allocation Committee (FAAC) on the June 2025 meeting.

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