From Adanna Nnamani, Abuja
Atotal sum of N1.681 trillion, being April 2025 Federation Account Revenue, has been shared to the federal government, states and the local government councils.
According to a statement issued by Spokesperson for the Office of the Accountant General of the Federation (OAGF) Bawa Mokwa, on Friday, the revenue was shared at the May 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja.
The N1.681 trillion total distributable revenue comprised distributable statutory revenue of N962.882 billion, distributable Value Added Tax (VAT) revenue of N598.077 billion, Electronic Money Transfer Levy (EMTL) revenue of N38.862 billion and Exchange Difference N81.407 billion. The statement quoted a communiqué issued by the FAAC, which indicated that total gross revenue of N2, 848.721 trillion was available in the month of April 2025. Total deduction for cost of collection was N101.051 billion while total transfers, interventions, refunds and savings was N1066.442 billion.
According to the document, gross statutory revenue of N2, 084.568 trillion was received for the month of April 2025. This was higher than the sum of N1, 718.973 trillion received in the month of March 2025 by N365.595 billion.
Gross revenue of N642.265 billion was available from the Value Added Tax (VAT) in April 2025. This was higher than the N637.618 billion available in the month of March 2025 by N4.647 billion.
The communiqué stated that from the N1, 681, 228 trillion total distributable revenue, the federal government received total sum of N565.307 billion and the state governments received total sum of N556.741 billion.
The local government council received N406.627 billion, while the sum of N152.553 billion (13% of mineral revenue) was shared to the benefiting states as derivation revenue.