Fed, State, and Local Govts Share Over N1.8tr from June 2025 Revenue
By Patience Ikpeme
For the first time in 2025, the federal, state, and local governments have collectively shared more than N1.8 trillion from the Federation Account, representing revenue generated in June 2025.
This development was announced in a communiqué issued on Saturday morning by the Federation Account Allocation Committee (FAAC), signed by Mr. Bawa Mokwa, Director (Press and Public Relations).
A total sum of N1.818 trillion, comprising June 2025 Federation Account Revenue, has been disbursed to the Federal Government, States, and Local Government Councils following the July 2025 FAAC meeting held in Abuja.
This June distribution surpasses the revenue shared in the preceding five months of 2025: N1.659 trillion in May, N1.681 trillion in April, N1.578 trillion in March, N1.678 trillion in February, and N1.703 trillion in January.
The N1.818 trillion total distributable revenue for June comprised N1.018 trillion from distributable statutory revenue, N631.507 billion from distributable Value Added Tax (VAT) revenue, N29.165 billion from Electronic Money Transfer Levy (EMTL) revenue, N38.849 billion from Exchange Difference revenue, and N100 billion as Augmentation from Non-Mineral revenue.
The communiqué further indicated that a total gross revenue of N4.232 trillion was available in June 2025. From this, N162.786 billion was deducted for the cost of collection, while N2.251 trillion was accounted for as total transfers, interventions, refunds, and savings.
A comparison with the previous month shows that gross statutory revenue for June 2025 stood at N3.485 trillion, a considerable increase of N1.390 trillion from the N2.094 trillion received in May 2025. Conversely, gross revenue from Value Added Tax (VAT) in June 2025 was N678.165 billion, which represents a decrease of N64.655 billion compared to the N742.820 billion available in May 2025.
From the N1.818 trillion total distributable revenue, the Federal Government received a total sum of N645.383 billion. State Governments were allocated a total sum of N607.417 billion, and Local Government Councils received N444.853 billion. Additionally, N120.759 billion, representing 13% of mineral revenue, was shared to benefiting States as derivation revenue.
Breaking down the distribution of the N1.018 trillion distributable statutory revenue, the Federal Government received N474.455 billion, State Governments received N240.650 billion, and Local Government Councils were allocated N185.531 billion. The sum of N118.256 billion, or 13% of mineral revenue, was also shared to benefiting States as derivation revenue from this component.
From the N631.507 billion distributable Value Added Tax (VAT) revenue, the Federal Government received N94.726 billion, State Governments received N315.754 billion, and Local Government Councils were allocated N221.027 billion.
The N29.165 billion Electronic Money Transfer Levy (EMTL) was distributed as follows: N4.375 billion to the Federal Government, N14.582 billion to State Governments, and N10.208 billion to Local Government Councils.
From the N38.849 billion in Exchange Difference revenue, the Federal Government received N19.147 billion, State Governments received N9.712 billion, and Local Government Councils received N7.487 billion. An additional N2.503 billion, representing 13% of mineral revenue, was shared to benefiting States as derivation revenue from this category.
Furthermore, from the N100 billion Augmentation, the Federal Government received N52.680 billion, State Governments received N26.720 billion, and Local Government Councils received N20.600 billion.
In terms of revenue performance for June 2025, Companies Income Tax (CIT), Petroleum Profit Tax (PPT), and Electronic Money Transfer Levy (EMTL) all experienced significant increases. Conversely, Oil and Gas Royalty, Value Added Tax (VAT), Import Duty, Excise Duty, and CET Levies saw considerable decreases.
