By Jemimah Wellington, JKNewsMedia Reporter
TOTAL DISBURSEMENT from April 2025 revenue reached ₦1.681 trillion as the Federation Account Allocation Committee (FAAC) distributed funds across all tiers of government.
FAAC, chaired by Finance Minister and Coordinating Minister of the Economy, Wale Edun, disclosed that the sum was distributed from a gross revenue pool of ₦2.848 trillion.
The Federal Government received ₦565.307 billion, while the states took ₦556.741 billion.
Local Government Councils were allocated ₦406.627 billion, and oil-producing states secured ₦152.553 billion as derivation revenue, representing 13% of mineral income.
The revenue distribution covered statutory allocations, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL), and exchange differences.
From the total pool, ₦101.051 billion was allocated to the cost of revenue collection, and ₦1.066 trillion was earmarked for transfers, interventions, and refunds.
Gross VAT revenue for April stood at ₦642.265 billion, up ₦4.647 billion from the previous month.
After deducting ₦25.691 billion for collection and ₦18.497 billion for interventions, ₦598.077 billion remained for distribution.
This was shared with the Federal Government receiving ₦89.712 billion, states ₦299.039 billion, and local councils ₦209.327 billion.
Gross Statutory Revenue surged to ₦2.084 trillion in April, a significant rise from the ₦1.718 trillion recorded in March.
From this, ₦73.741 billion was deducted as collection cost and ₦1.047 trillion was used for interventions and refunds.
The balance of ₦962.882 billion was divided among the tiers of government: Federal Government ₦431.307 billion, States ₦218.765 billion, Local Governments ₦168.659 billion, and ₦144.151 billion to oil-producing states as derivation.
EMTL generated ₦40.481 billion, out of which ₦38.862 billion was shared—Federal Government ₦5.829 billion, States ₦19.431 billion, and Local Governments ₦13.602 billion. The balance of ₦1.619 billion covered collection costs.
A further ₦81.407 billion from exchange difference was shared accordingly: Federal Government ₦38.459 billion, States ₦19.507 billion, Local Governments ₦15.039 billion, and Oil-Producing States ₦8.402 billion.
The communique noted a significant increase in revenues from Petroleum Profit Tax (PPT), Oil and Gas Royalties, VAT, EMTL, Excise Duty, Import Duty, and Common External Tariff (CET) levies.
However, Company Income Tax (CIT) declined during the same period.
The total distributable revenue of ₦1.681 trillion derived from ₦962.882 billion in statutory allocations, ₦598.077 billion from VAT, ₦38.862 billion from EMTL, and ₦81.407 billion from exchange difference was confirmed by Mohammed Manga, Director of Information and Public Relations, on 16 May 2025.
