Business News of Sunday, 20 July 2025
Source: www.dailypost.ng
The three tiers of the Nigerian government shared the highest revenue in 2025 from the Federation Account and Allocation Committee.
Accordingly, federal, state, and local government councils shared N1.818 trillion.
This is according to a communiqué after the FAAC meeting in Abuja for July 2025, released by the Director of Press and Public Relations at the Office of the Accountant General of the Federation (OAGF), Bawa Mokwa, at the weekend.
The shared revenue showed a significant rise from the previous five months.
The N1.818 trillion is higher than the amount shared in May, N1.659 trillion, while April saw N1.681 trillion.
March recorded a distribution of N1.578 trillion, February had N1.678 trillion, and January began the year with N1.703 trillion.
The statement showed that a total gross revenue available in June 2025 was N4.232 trillion. From this amount, deductions for the cost of collection amounted to N162.786 billion, while a total of N2.251 trillion was earmarked for transfers, interventions, refunds, and savings.
A breakdown of the gross revenue components revealed that statutory revenue for June stood at N3.485 trillion, a substantial increase of N1.390 trillion compared to the N2.094 trillion received in May. Conversely, gross VAT revenue dropped from N742.820 billion in May to N678.165 billion in June, representing a decline of N64.655 billion.
From N1.818 trillion distributable revenue, the federal government received N645.383 billion. The state governments received N607.417 billion, while the local government councils got N444.853 billion. Additionally, N120.759 billion was distributed to oil-producing states as 13 percent derivation revenue from mineral sources.
Similarly, from the N631.507 billion generated from value-added tax in June, the federal government took N94.726 billion. The state governments received N315.754 billion, while the local governments received N221.027 billion.
Of the N29.165 billion received from the Electronic Money Transfer Levy (EMTL), the federal government was allocated N4.375 billion. Also, the states received N14.582 billion, and the local government councils got N10.208 billion.
Further, Revenue from the exchange difference amounted to N38.849 billion. From this amount, the federal government received N19.147 billion, the states were allocated N9.712 billion, and the local governments got N7.487 billion. Lastly, a further N2.503 billion was distributed to states entitled to derivation revenue.