KEY POINTS
- The third month distribution of FAAC allocation reached N1.578 trillion for 2025.
- The total revenue presents a split arrangement between federal and state and local governments.
- The sharing between Petroleum Profit Tax and Companies Income Tax in
creases.
For March 2025 the Federation Account Allocation Committee (FAAC) authorized N1.578 trillion to be distributed among the Federal Government together with State Governments and Local Government Councils using month revenue figures.
Revenue breakdown
This distributable revenue amount of N1.578 trillion consists of three primary components and their corresponding figures from which FAAC allocates.
– Statutory revenue: N931.325 billion
This sum consisted of N593.750 billion obtained from VAT collections.
– Electronic Money Transfer Levy (EMTL) revenue: N24.971 billion
– Exchange Difference revenue: N28.711 billion
The March 2025 gross revenue amounted to N2.411 trillion. The distributable funds reached N1.578 trillion after the Cost of Collection deduction (N85.376 billion) and N747.180 billion of transfers and refunds were deducted.
FAAC allocates funds
– Federal Government: N528.696 billion
– State Governments: N530.448 billion
– Local Government Councils: N387.002 billion
– Derivation revenue (13percent of mineral revenue): N132.611 billion
Statutory revenue breakdown
From the N931.325 billion statutory revenue:
– Federal Government: N422.485 billion
– State Governments: N214.290 billion
– Local Government Councils: N165.209 billion
– Derivation revenue: N129.341 billion
FAAC allocates VAT revenue distribution
From the N593.750 billion VAT revenue:
– Federal Government: N89.063 billion
– State Governments: N296.875 billion
– Local Government Councils: N207.813 billion
Other revenue details
From the N24.971 billion Electronic Money Transfer Levy (EMTL):
– Federal Government: N3.746 billion
– State Governments: N12.485 billion
– Local Government Councils: N8.740 billion
From the N28.711 billion Exchange Difference revenue:
– Federal Government: N13.402 billion
– State Governments: N6.798 billion
– Local Government Councils: N5.241 billion
