The Federation Account Allocation Committee (FAAC) has disbursed a record N1.818 trillion to the federal, state, and local governments for revenue generated in June 2025—the highest monthly allocation this year.
The figure was disclosed in a communiqué following the FAAC meeting held in Abuja in July, signed by Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant General of the Federation.
This disbursement reflects a steady increase from the N1.659 trillion shared in May, and surpasses allocations for earlier months: N1.681 trillion in April, N1.578 trillion in March, N1.678 trillion in February, and N1.703 trillion in January.
The total distributable revenue for June comprised:
- N1.018 trillion in 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 gains, and
- N100 billion augmentation from non-mineral sources.
Out of the N1.818 trillion:
- The Federal Government received N645.383 billion,
- States received N607.417 billion,
- Local governments got N444.853 billion,
- Oil-producing states were allocated N120.759 billion as 13% derivation revenue.
The gross revenue for June stood at N4.232 trillion. After deductions totaling N2.414 trillion for collection costs, transfers, refunds, and savings, N1.818 trillion was left for distribution.
June’s statutory revenue saw a sharp rise to N3.485 trillion, up from N2.094 trillion in May. However, VAT collections declined to N678.165 billion from N742.820 billion.
Breakdowns for other revenue components include:
- EMTL: FG (N4.375bn), States (N14.582bn), LGAs (N10.208bn)
- Exchange gains: FG (N19.147bn), States (N9.712bn), LGAs (N7.487bn), Derivation (N2.503bn)
- Non-mineral augmentation: FG (N52.680bn), States (N26.720bn), LGAs (N20.600bn)
FAAC noted increased inflows from Companies Income Tax (CIT), Petroleum Profit Tax (PPT), and EMTL, while revenues from oil and gas royalties, VAT, import and excise duties, and CET levies declined.
This revenue surge is expected to ease fiscal pressures on all tiers of government as they continue funding critical projects and managing economic reforms.
