The Federation Account Allocation Committee (FAAC) has disbursed a total of N1.578 trillion in revenue generated in March 2025 to the Federal Government, State Governments, and Local Government Councils.
The distribution, finalized during the April 2025 FAAC meeting held in Abuja, comprises N931.325 billion in statutory revenue, N593.750 billion from Value Added Tax (VAT), N24.971 billion from the Electronic Money Transfer Levy (EMTL), and N28.711 billion from exchange difference revenue.
According to a communiqué issued after the meeting, the total gross revenue for March stood at N2.411 trillion. Deductions for cost of collection amounted to N85.376 billion, while N747.180 billion was allocated for transfers, interventions, and refunds.
Of the N1.578 trillion total distributable revenue, the Federal Government received N528.696 billion, States got N530.448 billion, and Local Government Councils received N387.002 billion. An additional N132.611 billion, representing 13% of mineral revenue, was shared with oil-producing states as derivation revenue.
Breakdowns of the individual revenue components show that from the statutory revenue of N931.325 billion, the Federal Government received N422.485 billion, States got N214.290 billion, and LGAs received N165.209 billion, while N129.341 billion went to derivation.
For the N593.750 billion VAT pool, the Federal Government received N89.063 billion, States N296.875 billion, and LGAs N207.813 billion.
From the EMTL, the Federal Government received N3.746 billion, States N12.485 billion, and LGAs N8.740 billion. The exchange difference revenue of N28.711 billion was also shared, with N13.402 billion to the Federal Government, N6.798 billion to States, N5.241 billion to LGAs, and N3.270 billion to oil-producing states.
The communiqué noted that Petroleum Profit Tax (PPT) and Companies Income Tax (CIT) recorded significant increases during the month, while revenues from Oil and Gas Royalties, EMTL, VAT, Excise Duty, Import Duty, and CET Levies declined.