FAAC Shares ₦1.659trn May 2025 Revenue to FG, States, LGs

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The Federation Account Allocation Committee (FAAC) has shared ₦1.659 trillion in revenue generated in May 2025 among the Federal Government, states, and local government councils.

A communique in Abuja confirmed that the disbursement was announced at the June 2025 FAAC meeting held on Tuesday.

The communiqué, signed by Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant General of the Federation, stated that the distributable revenue included: – ₦863.895 billion from statutory sources

– ₦691.714 billion from Value Added Tax (VAT)

– ₦27.667 billion from the Electronic Money Transfer Levy (EMTL) – ₦76.614 billion from Exchange Difference.

Further breakdown of allocations showed that the Federal Government had ₦538.004 billion; States, ₦577.841 billion; Local Government Councils: ₦419.968 billion; and Oil-Producing States (13% Derivation): ₦124.076 billion.

Further details are for Statutory Revenue of ₦863.895bn, the Federal Government had ₦393.518bn, States ₦199.598bn, LGs ₦153.881bn, Derivation (₦116.898bn).

For VAT Revenue of ₦691.714bn, the Federal Government had ₦103.757bn, States was ₦345.857bn, LGs also had ₦242.100bn.

EMTL Revenue of ₦27.667bn, the Federal Government had ₦4.150bn, States (₦13.833bn), LGs (₦9.683bn) and Exchange Difference of ₦76.614bn, was the Federal Government: ₦36.579bn, States: ₦18.553bn, LGs: ₦14.304bn, Derivation: ₦7.178bn.

For the total Revenue Overview, Gross revenue for May 2025 stood at ₦2.942 trillion, with deductions of ₦111.908bn for collection costs and ₦1.171 trillion set aside for transfers and refunds.

The gross statutory revenue rose to ₦2.094 trillion in May, up by ₦10.023 billion from April. VAT revenue increased to ₦742.820 billion, up by ₦100.555 billion from April. Companies Income Tax (CIT), VAT, and Import Duty saw significant rises, while Petroleum Profit Tax (PPT), Oil and Gas Royalties, and EMTL declined.

About The Author

Dele Fashomi

Dele Fashomi, seasoned journalist and communication teacher, is a holder of Master of Arts degree in Communication and Language Arts from the University of Ibadan in 1992/93.

Earlier, he had bagged a Bachelor degree from the same university in 1984, after which he proceeded to the Nigerian Institute of Journalism, Lagos, in 1990, for a postgraduate diploma in Journalism.

He had done many courses in communication, including the EU-BBC Editing Course in 2002.

Mr. Fashomi combines effectively the practice, research and teaching of communication. And to date, he has published two academic works in communication: Issues in Communication Technology and Policy (2010) and Economic and Social Issues in Advertising and PR (2013).

He had his first break in the Nigerian media in Concord Newspapers in 1990 and today, he has over two and half decades experience earned in several newspapers.

He has been part of many start-ups, such as The Republic (1987), The Comet (1999), The Anchor 2001 – 2002; Sun Newspapers (2003); Westerner newsmagazine (2005 – 2010) as Editor; National Life (2011) as Sunday Editor, and Newswatch Newspapers (2012- 2016) as Daily Editor.

Dele Fashomi is now the Publisher/Editor-in-Chief of Newstide247.com newspaper online, which he started in July 2015. He is also into biography writing, with many books in his trail, some of which he wrote alone and one he co- authored with his mentor, Mr Dare Babarinsa, entitled: Olabiyi Durojaiye – DARE TO BE DiFFERENT. He also guided and collaborated with Pa Olatunji Odusanya in writing his autobiography – AGAINST ALL ODDS. There are many other books in the works under his pen.

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