FAAC Disburses N1.681 Trillion April 2025 Revenue to FG, States, and LGs

By Achimi Muktar

In what’s being hailed as one of the highest monthly disbursements in recent times, the Federation Account Allocation Committee (FAAC) has shared a staggering N1.681 trillion in revenue for April 2025 to the Federal Government, 36 states, and 774 local government councils — a 6.5% boost from March’s allocation.

The announcement was made Friday through a press statement by Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant General of the Federation. The allocation followed FAAC’s monthly meeting held earlier in Abuja.

April Revenue Hits N2.85 Trillion – Here’s Where It Went

According to the post-meeting communiqué, gross revenue available in April was N2.848 trillion, out of which N101.051 billion was deducted for collection costs by revenue-generating agencies. An additional N1.066 trillion was earmarked for transfers, interventions, refunds, and savings — leaving N1.681 trillion for actual disbursement.

The breakdown includes:

Statutory Revenue: N962.882 billion

Value Added Tax (VAT): N598.077 billion

Electronic Money Transfer Levy (EMTL): N38.862 billion

Exchange Rate Gains: N81.407 billion

April saw a major revenue surge, with statutory revenue climbing from N1.719 trillion in March to N2.084 trillion — a leap of over N365 billion. VAT also improved slightly from March, inching up by N4.6 billion to N642.265 billion.

Who Got What? Full Breakdown of April’s Disbursement

From the total distributable pool:

Federal Government: N565.307 billion

State Governments: N556.741 billion

Local Government Councils: N406.627 billion

Oil-Producing States (13% derivation): N152.553 billion

Statutory Revenue Sharing:

FG: N431.307 billion

States: N218.765 billion

LGs: N168.659 billion

Oil states: N144.151 billion (derivation)

VAT Revenue Sharing:

FG: N89.712 billion

States: N299.039 billion

LGs: N209.327 billion

EMTL Revenue:

FG: N5.829 billion

States: N19.431 billion

LGs: N13.602 billion

Exchange Rate Gain Sharing:

FG: N38.459 billion

States: N19.507 billion

LGs: N15.039 billion

Oil states: N8.402 billion (derivation)

Oil Revenues Up, But Corporate Taxes Take a Hit

April’s strong performance was driven by better-than-expected receipts from Petroleum Profit Tax (PPT), Oil and Gas Royalties, and increased non-oil revenues like VAT, EMTL, import duties, and excise.

However, not all was rosy — Companies Income Tax (CIT) saw a steep drop, reflecting the continued pressure on Nigerian businesses amid economic uncertainties such as inflation, foreign exchange instability, and soaring production costs.

“This robust allocation signals a healthy rise in consumption and import-related activity, but the drop in CIT may be a red flag for the private sector’s health,” analysts noted.

As states prepare to plug this massive cash injection into infrastructure, salaries, and social programs, many eyes will be watching how this record-breaking revenue boost impacts service delivery — and whether next month will set an even bigger record.