Nigeria’s FAAC Disburses N1.818 Trillion in June 2025 Revenue to Federal, State, and Local Governments.
The Federation Account Allocation Committee (FAAC) has allocated a total of N1.818 trillion as revenue for June 2025 to the Federal Government, State Governments, and Local Government Councils in Nigeria. The announcement was made by the Office of the Accountant General of the Federation, with details provided in a communiqué following the FAAC meeting held in Abuja in July 2025.
According to Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant General of the Federation, the N1.818 trillion distributable revenue comprises N1.018 trillion from statutory revenue, N631.507 billion from Value Added Tax (VAT), N29.165 billion from the Electronic Money Transfer Levy (EMTL), N38.849 billion from Exchange Difference revenue, and an additional N100 billion augmentation from non-mineral revenue. The total gross revenue available for June stood at N4.232 trillion, with deductions of N162.786 billion for collection costs and N2.251 trillion for transfers, interventions, refunds, and savings.
The Federal Government received N645.383 billion from the total distributable revenue, while State Governments were allocated N607.417 billion, and Local Government Councils received N444.853 billion. Additionally, N120.759 billion, representing 13% of mineral revenue, was shared among oil-producing states as derivation revenue.
Breaking down the statutory revenue of N1.018 trillion, the Federal Government received N474.455 billion, State Governments got N240.650 billion, and Local Government Councils received N185.531 billion, with N118.256 billion allocated as derivation revenue to eligible states. From the VAT revenue of N631.507 billion, the Federal Government received N94.726 billion, State Governments were allocated N315.754 billion, and Local Government Councils received N221.027 billion.
The EMTL revenue of N29.165 billion was distributed as follows: N4.375 billion to the Federal Government, N14.582 billion to State Governments, and N10.208 billion to Local Government Councils. The Exchange Difference revenue of N38.849 billion saw the Federal Government receiving N19.147 billion, State Governments N9.712 billion, Local Government Councils N7.487 billion, and N2.503 billion as derivation revenue for benefiting states. From the N100 billion augmentation, the Federal Government received N52.680 billion, State Governments N26.720 billion, and Local Government Councils N20.600 billion.
The communiqué highlighted a significant increase in gross statutory revenue for June 2025, reaching N3.485 trillion, up by N1.390 trillion from N2.094 trillion in May 2025. Notable growth was recorded in Companies Income Tax (CIT), Petroleum Profit Tax (PPT), and EMTL. However, VAT revenue declined to N678.165 billion from N742.820 billion in May, a drop of N64.655 billion. Other revenue streams, including Oil and Gas Royalties, Import Duty, Excise Duty, and Common External Tariff (CET) Levies, also saw considerable declines.
The FAAC meeting, chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, underscored the Federal Government’s commitment to equitable revenue distribution to support governance and development across Nigeria’s three tiers of government. The balance in the Excess Crude Account as of July 2025 was reported at $473.754 million.
This substantial allocation is expected to bolster economic reforms and drive sustainable development, addressing public expectations for improved governance and service delivery across the nation.
