FAAC Shares ₦1.578 Trillion Among Federal, State, and Local Governments for March 2025
Abuja, Nigeria — April 17, 2025
The Federation Account Allocation Committee (FAAC) has announced the distribution of ₦1.578 trillion among the Federal Government, States, and Local Governments as revenue generated in March 2025.
According to a statement issued after its meeting in Abuja, the shared funds were drawn from various sources, including ₦931.325 billion in statutory revenue, ₦593.750 billion from Value Added Tax (VAT), ₦24.971 billion from the Electronic Money Transfer Levy (EMTL), and ₦28.711 billion from exchange rate differences.
In total, March’s gross revenue stood at ₦2.411 trillion. From this amount, ₦85.376 billion was deducted for collection costs, while ₦747.180 billion was allocated for transfers, interventions, and refunds.
Compared to February 2025, statutory revenue increased by ₦65.422 billion, rising from ₦1.653 trillion to ₦1.718 trillion in March — a sign of modest growth despite fluctuations in other revenue streams.
In the breakdown, the Federal Government received ₦3.746 billion from the EMTL, while States and Local Governments got ₦12.485 billion and ₦8.740 billion, respectively. From exchange rate gains, the Federal Government received ₦13.402 billion, States ₦6.798 billion, and Local Governments ₦5.241 billion. Additionally, ₦3.270 billion was shared with oil-producing states as part of the 13% mineral revenue derivation.
While revenues from Petroleum Profit Tax (PPT) and Companies Income Tax (CIT) saw an increase, the statement noted declines in VAT, import duties, excise duties, oil and gas royalties, and EMTL when compared to the previous month.
FAAC’s monthly revenue sharing ensures that all tiers of government have the resources to meet their financial obligations, fund public services, and drive development projects across the country. The committee, which has long overseen this critical distribution process, plays a key role in Nigeria’s economic stability and governance.
