FG, States, LGAs Share N1.578tr Federation Account Revenue for March
By Patience Ikpeme
The Federal Government, State Governments, and Local Government Councils in Nigeria have shared a total sum of N1.578 trillion as Federation Account Revenue for the month of March 2025.
This revenue allocation took place at the April 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja.
The total distributable revenue of N1.578 trillion was comprised of N931.325 billion in distributable statutory revenue, N593.750 billion in distributable Value Added Tax (VAT) revenue, N24.971 billion from the Electronic Money Transfer Levy (EMTL), and N28.711 billion representing Exchange Difference revenue.
According to a communiqué issued by the Federation Account Allocation Committee (FAAC), the total gross revenue available in the month of March 2025 amounted to N2.411 trillion. Deductions for the cost of collection totaled N85.376 billion, while total transfers, interventions, and refunds amounted to N747.180 billion.
The communiqué revealed that the gross statutory revenue received for March 2025 was N1.718 trillion. This figure showed an increase of N65.422 billion when compared to the N1.653 trillion received in the preceding month of February 2025.
Gross revenue from Value Added Tax (VAT) available in March 2025 stood at N637.618 billion. This amount was lower than the N654.456 billion available in February 2025 by N16.838 billion.
From the total distributable revenue of N1.578 trillion, the Federal Government received a total of N528.696 billion, while the State Governments received a total of N530.448 billion. The Local Government Councils received a total of N387.002 billion. Additionally, a sum of N132.611 billion, representing 13% of mineral revenue, was shared among the benefiting States as derivation revenue.
Breaking down the N931.325 billion distributable statutory revenue, the communiqué detailed that the Federal Government received N422.485 billion, and the State Governments received N214.290 billion. The Local Government Councils received N165.209 billion, and the sum of N129.341 billion, representing 13% of mineral revenue, was allocated to the benefiting States as derivation revenue.
Out of the N593.750 billion distributable Value Added Tax (VAT) revenue, the Federal Government received N89.063 billion, the State Governments received N296.875 billion, and the Local Government Councils received N207.813 billion.
From the N24.971 billion Electronic Money Transfer Levy (EMTL), the Federal Government received N3.746 billion, the State Governments received N12.485 billion, and the Local Government Councils received N8.740 billion.
The N28.711 billion Exchange Difference revenue was shared with the Federal Government receiving N13.402 billion, the State Governments receiving N6.798 billion, the Local Government Councils receiving N5.241 billion, and a total sum of N3.270 billion, representing 13% of mineral revenue, being shared to the benefiting States as derivation revenue.
An analysis of revenue sources for March 2025 indicated that Petroleum Profit Tax (PPT) and Companies Income Tax (CIT) recorded considerable increases, while Oil and Gas Royalty, Electronic Money Transfer Levy (EMTL), Value Added Tax (VAT), Excise Duty, Import Duty, and CET Levies experienced decreases compared to the previous month.
