The Federation Account Allocation Committee (FAAC) has revealed that it shared a total of N1.82 trillion among the three tiers of government as revenue allocation for June 2025.
Gatekeepers News reports that this amount reflects an increase of N170 billion from the N1.65 trillion disbursed in May.
In a statement by Bawa Mokwa, director of press at the office of the Accountant-General of the Federation (AGF), noted that the figure was announced in a communiqué issued at the end of FAAC’s July 2025 meeting.
The breakdown of the N1.82 trillion includes N1.01 trillion from statutory revenue, N631.51 billion from Value Added Tax (VAT), N29.17 billion from Electronic Money Transfer Levy (EMTL), N38.84 billion from exchange difference revenue, and an additional N100 billion provided as augmentation from non-mineral sources.
Gross revenue for the month of June stood at N4.23 trillion. From this amount, N162.79 billion was deducted for the cost of revenue collection. Transfers, refunds, interventions, and savings accounted for N2.25 trillion.
Statutory revenue rose sharply to N3.49 trillion in June, compared to the N2.09 trillion recorded in May. However, there was a decline in VAT collections, with N678.17 billion generated in June, which is about N64.65 billion lower than the N742.82 billion recorded in May.
From the total shared revenue, the federal government received N645.38 billion. State governments got N607.42 billion, while local government councils received N444.85 billion. In addition, oil-producing states were allocated N120.76 billion as 13 percent derivation revenue.
In the statutory revenue category alone, the federal government received N474.46 billion, states received N240.65 billion, and local governments got N185.53 billion. The derivation fund from this portion stood at N118.26 billion for oil-producing states.
From the VAT revenue of N631.51 billion, the federal government collected N94.73 billion. States were allocated N315.75 billion, and local governments received N221.03 billion.
From the EMTL, which totaled N29.17 billion, N4.38 billion was given to the federal government, N14.58 billion to states, and N10.21 billion to local councils.
The exchange difference revenue of N38.84 billion was also shared, with N19.14 billion going to the federal government, N9.71 billion to states, N7.48 billion to local councils, and N2.50 billion as derivation revenue.
Lastly, from the N100 billion augmentation, the federal government received N52.68 billion, states got N26.72 billion, and local governments received N20.60 billion.
FAAC noted that revenue from company income tax, petroleum profit tax, and EMTL increased significantly in June.
However, there was a notable drop in collections from oil and gas royalties, VAT, import duty, excise duty, and levies under the Common External Tariff.
