A total of N1.659 trillion in Federation Account revenue for May 2025 has been distributed among the Federal Government, State Governments, and Local Government Councils, according to the Federation Account Allocation Committee (FAAC).
The allocation was made during the FAAC meeting held in Abuja in June 2025.
According to a communiqué issued by the Committee, the total distributable revenue consisted of:
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Statutory revenue: N863.895 billion
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Value Added Tax (VAT): N691.714 billion
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Electronic Money Transfer Levy (EMTL): N27.667 billion
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Exchange Difference revenue: N76.614 billion
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he communiqué revealed that gross revenue for May 2025 stood at N2.942 trillion, with N111.908 billion deducted as cost of collection, and N1.171 trillion accounted for transfers, interventions, and refunds.
It stated that gross statutory revenue received for May 2025 was N2.094 trillion, slightly higher than April’s N2.084 trillion by N10.023 billion. Similarly, gross VAT revenue increased to N742.820 billion, a rise of N100.555 billion compared to N642.265 billion recorded in April.
From the N1.659 trillion total distributable revenue, the allocation was as follows:
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Federal Government: N538.004 billion
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State Governments: N577.841 billion
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Local Government Councils: N419.968 billion
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13% derivation to oil-producing states: N124.076 billion
From the N863.895 billion statutory revenue:
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The Federal Government received N393.518 billion
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States: N199.598 billion
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Local Governments: N153.881 billion
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13% derivation revenue: N116.898 billion
For the N691.714 billion VAT revenue:
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The Federal Government got N103.757 billion
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States: N345.857 billion
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Local Governments: N242.100 billion
From the N27.667 billion EMTL:
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Federal Government: N4.150 billion
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States: N13.833 billion
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Local Governments: N9.683 billion
In terms of the N76.614 billion Exchange Difference revenue:
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Federal Government received N36.579 billion
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States: N18.553 billion
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Local Governments: N14.304 billion
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13% derivation revenue: N7.178 billion
The communiqué also noted notable revenue trends in May:
“Companies Income Tax (CIT), Value Added Tax (VAT) and Import Duty increased significantly while CET Levies, Petroleum Profit Tax (PPT), Oil and Gas Royalty and Electronic Money Transfer Levy (EMTL) recorded decreases. Excise Duty increased only marginally.”
