The Federation Account Allocation Committee (FAAC) has disbursed a total of ₦1.578 trillion to the Federal Government, 36 states, and 774 local government councils as revenue accrued in March 2025.
According to a statement from the Office of the Accountant-General of the Federation, the distributed funds were drawn from the Federation Account and include statutory allocations, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL), and exchange rate gains.
The breakdown shows:
- ₦931.33 billion in statutory revenue
- ₦593.75 billion from VAT
- ₦24.97 billion from EMTL
- ₦28.71 billion from exchange rate differences
In total, ₦2.411 trillion was generated in March 2025. However, deductions of ₦85.38 billion for collection costs and ₦747.18 billion for statutory transfers, interventions, and refunds reduced the net distributable amount to ₦1.578 trillion.
Disbursement by Tier:
- Federal Government: ₦528.70 billion
- State Governments: ₦530.45 billion
- Local Government Councils: ₦387.00 billion
- 13% Derivation to Oil-Producing States: ₦132.61 billion
Revenue Performance Compared to February:
- Statutory revenue rose from ₦1.653 trillion in February to ₦1.718 trillion in March—an increase of ₦65.42 billion.
- VAT revenue declined slightly from ₦654.46 billion to ₦637.62 billion.
Detailed Distribution:
From the ₦931.33 billion statutory revenue:
- FG: ₦422.49 billion
- States: ₦214.29 billion
- LGAs: ₦165.21 billion
- 13% Derivation: ₦129.34 billion
From the ₦593.75 billion VAT revenue:
- FG: ₦89.06 billion
- States: ₦296.88 billion
- LGAs: ₦207.81 billion
From the ₦24.97 billion EMTL:
- FG: ₦3.75 billion
- States: ₦12.49 billion
- LGAs: ₦8.74 billion
From the ₦28.71 billion Exchange Difference:
- FG: ₦13.40 billion
- States: ₦6.80 billion
- LGAs: ₦5.24 billion
- 13% Derivation: ₦3.27 billion
FAAC also noted that while Petroleum Profit Tax (PPT) and Companies Income Tax (CIT) recorded significant increases in March, there were declines in Oil and Gas Royalties, VAT, EMTL, Excise Duty, Import Duty, and CET Levies.
This monthly allocation remains a key fiscal support to all tiers of government, sustaining essential public services and development programs across the country.
