The Federation Account Allocation Committee revenue has recorded a 9.6 per cent or N159bn increase as a sum of N1.818tn was shared as June 2025 allocations to the Federal Government, states, and local government councils.
FAAC shared N1.659tn allocation in May 2025.
This was disclosed in a statement issued on Saturday by the Director of Press and Public Relations at the Office of the Accountant General of the Federation, Bawa Mokwa.
The statement read, “A total sum of N1.818tn, being June 2025 Federation Account Revenue, has been shared to the Federal Government, states and the local government councils.”
According to the statement, the revenue distribution follows the July 2025 FAAC meeting held in Abuja, where officials from all tiers of government convened to review inflows and approve disbursements.
A breakdown of the N1.818tn shared show it comprised N1.018tn from statutory revenue, N631.507bn from Value Added Tax, N29.165bn from the Electronic Money Transfer Levy, N38.849bn as Exchange Difference revenue, and an additional N100bn augmentation from non-mineral sources.
The total gross revenue available in June stood at N4.232tn, out of which N162.786bn was deducted as cost of collection, while N2.251tn was set aside for transfers, refunds, interventions, and savings.
Out of the N1.818tn distributable revenue, the Federal Government received N645.383bn, state governments got N607.417bn, and the local government councils received N444.853bn.
In addition, N120.759bn was allocated to oil-producing states as 13 per cent derivation revenue.
From the statutory revenue component of N1.018tn, the Federal Government received N474.455bn, the states received N240.650bn, and the LGs got N185.531bn.
Derivation revenue from this segment amounted to N118.256bn. For VAT revenue of N631.507bn, the Federal Government received N94.726bn, states N315.754bn, and LGs N221.027bn.
The Electronic Money Transfer Levy was shared with the Federal Government getting N4.375bn, states N14.582bn, and LGs N10.208bn.
The Exchange Difference revenue of N38.849bn was shared with the Federal Government receiving N19.147bn, states N9.712bn, and LGs N7.487bn.
Mineral-producing states received N2.503bn from this category as derivation revenue.
From the N100bn augmentation, the Federal Government received N52.680bn, states N26.720bn, and LGs N20.600bn.
FAAC attributed the increase in June revenue to stronger receipts from Companies Income Tax and Petroleum Profit Tax, both of which recorded notable gains during the period.
Gross statutory revenue rose sharply to N3.485tn in June, up from N2.094tn in May, representing a N1.390tn month-on-month increase.
However, some components recorded declines. Gross VAT fell to N678.165bn in June, dropping by N64.655bn from the N742.820bn recorded in May.
The decline was attributed to lower import volumes and weaker consumer spending. Other taxes that experienced a downturn included Oil and Gas Royalties, Import Duty, Excise Duty, and CET Levies.
While the jump in CIT and PPT collections helped strengthen the overall revenue pool, the downturn in consumption and trade taxes suggests continued strain on economic activity.
