The Federation Account Allocation Committee (FAAC) has disbursed a total of N1.818 trillion to the Federal Government, State Governments, and Local Government Councils as revenue for June 2025.
The allocation, shared during the July 2025 FAAC meeting in Abuja, reflects a significant distribution of funds to support governance and development across Nigeria’s three tiers of government.
According to a communiqué issued by FAAC, the N1.818 trillion total distributable revenue comprises N1.018 trillion from statutory revenue, N631.507 billion from Value Added Tax (VAT), N29.165 billion from Electronic Money Transfer Levy (EMTL), N38.849 billion from Exchange Difference, and an additional N100 billion augmentation from non-mineral revenue.
The total gross revenue available for June 2025 was N4.232 trillion, with deductions of N162.786 billion for the cost of collection and N2.251 trillion for transfers, interventions, refunds, and savings.
The breakdown of the distribution shows the Federal Government receiving N645.383 billion, State Governments receiving N607.417 billion, and Local Government Councils receiving N444.853 billion.
Additionally, N120.759 billion, representing 13% of mineral revenue, was allocated to oil-producing states as derivation revenue. From the statutory revenue of N1.018 trillion, the Federal Government received N474.455 billion, States got N240.650 billion, Local Governments received N185.531 billion, and N118.256 billion was shared as derivation revenue to benefiting states.
The VAT revenue of N631.507 billion was distributed with the Federal Government receiving N94.726 billion, States receiving N315.754 billion, and Local Governments getting N221.027 billion.
Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant General of the Federation (OAGF), noted that the gross statutory revenue for June 2025 reached N3.485 trillion, a significant increase of N1.390 trillion compared to the N2.094 trillion recorded in May 2025.
However, VAT revenue saw a decline, dropping to N678.165 billion from N742.820 billion in May, a decrease of N64.655 billion.
The communiqué highlighted notable increases in Companies Income Tax (CIT), Petroleum Profit Tax (PPT), and EMTL, while Oil and Gas Royalties, VAT, Import Duty, Excise Duty, and Common External Tariff (CET) Levies recorded considerable declines.
The FAAC allocation underscores the Federal Government’s commitment to equitable revenue distribution, as emphasized by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who chaired the meeting.
The balance in the Excess Crude Account (ECA) as of July 2025 stands at $473.754 million, according to the FAAC communiqué.
As Nigeria navigates economic reforms, the strategic use of FAAC disbursements will be pivotal in driving sustainable development and addressing public expectations for improved governance and service delivery.
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