The Federation Account Allocation Committee (FAAC) has disbursed a total of N1.578 trillion to the three tiers of government—federal, state, and local—for March 2025, with states receiving the largest portion.
The allocation was announced in a communiqué issued by Bawa Mokwa, director of Press and Public Relations, Office of the Accountant General of the Federation, following the April 2025 FAAC meeting chaired by Wale Edun, minister of Finance and coordinating minister of the Economy.
From a gross total of N2.411 trillion, the states received N530.448 billion, followed by the federal government which received N528.696 billion, while the local government councils got N387.002 billion, inclusive of gross statutory revenue, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL) and Exchange difference. Also, oil-producing states received N132.611 billion as derivation.
According to the communique, the N1.578 trillion shared amongst the three tiers of government was made up of N931.325 billion from statutory revenue, Value Added Tax of N593.750 billion, N24.971 billion from Electronic Money Transfer Levy, and N28.711 billion from Exchange Difference.
The gross revenue available from VAT for the month decreased by N16.838 billion to N637.618 billion from N654.456 billion distributed in February.
However, the gross statutory revenue increased by N65.422 billion to N1.718 trillion, from N1.653 trillion received the previous month.
While Petroleum Profit Tax and Company Income Tax increased considerably, Oil and Gas Royalty, VAT, EMTL, excise duty, and import duty declined.
