The Federation Account Allocation Committee (FAAC) has announced the distribution of ₦1.578 trillion among the three tiers of government as revenue allocation for March 2025. The disbursement followed FAAC’s April 2025 meeting chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, at the Federal Ministry of Finance headquarters in Abuja.
The amount was drawn from a gross total revenue of ₦2.411 trillion, which included Gross Statutory Revenue, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL), and Exchange Difference.
Breakdown of Allocation
According to the Ministry of Finance:
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Federal Government received: ₦528.696 billion
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36 States received: ₦530.448 billion
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Local Government Councils got: ₦387.002 billion
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Oil-Producing States received: ₦132.611 billion (13% derivation revenue)
Additionally, ₦85.376 billion was allocated for the cost of collection, while ₦747.180 billion went to Transfers, Intervention, and Refunds.
Revenue Sources Breakdown
1. Value Added Tax (VAT)
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Gross VAT revenue: ₦637.618 billion (down ₦16.838 billion from February)
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Cost of collection: ₦25.505 billion
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Transfers and refunds: ₦18.363 billion
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Net distributable VAT: ₦593.750 billion
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FG: ₦89.063 billion
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States: ₦296.875 billion
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LGs: ₦207.813 billion
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2. Statutory Revenue
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Gross statutory revenue: ₦1.718 trillion (up ₦65.422 billion from previous month)
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Cost of collection: ₦58.831 billion
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Transfers/refunds: ₦728.817 billion
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Net statutory revenue: ₦931.325 billion
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FG: ₦422.485 billion
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States: ₦214.290 billion
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LGs: ₦165.209 billion
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Derivation to oil-producing states: ₦129.341 billion
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3. Electronic Money Transfer Levy (EMTL)
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Total EMTL revenue: ₦26.011 billion
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FG: ₦3.746 billion
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States: ₦12.485 billion
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LGs: ₦8.740 billion
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Cost of collection: ₦1.040 billion
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4. Exchange Difference
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Total: ₦28.711 billion
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FG: ₦13.402 billion
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States: ₦6.798 billion
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LGs: ₦5.241 billion
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Oil-producing states: ₦3.270 billion
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Revenue Performance Highlights
The communique noted a notable increase in Petroleum Profit Tax (PPT) and Companies Income Tax (CIT). However, revenues from Oil and Gas Royalty, VAT, EMTL, Excise Duty, Import Duty, and CET Levies experienced declines.
