The Federation Account Allocation Committee (FAAC) disclosed at the weekend that a total sum of N1.818 trillion, being June 2025 Federation Account Revenue, was shared to the Federal Government, States and the Local Government Councils.
The committee, in a communiqué issued at the end of its July 2025 meeting held in Abuja, indicated that the N1.818 trillion total distributable revenue comprised distributable statutory revenue of N1.018 trillion, distributable Value Added Tax (VAT) revenue of N631.507 billion, Electronic Money Transfer Levy (EMTL) revenue of N29.165 billion, Exchange Difference revenue of N38.849 billion and N100 billion Augmentation from Non-Mineral revenue.
The communiqué further clarified that total gross revenue of N4.232 trillion was available in the month and total deduction for cost of collection was N162.786 billion while total transfers, interventions, refunds and savings totalled N2.251 trillion.
According to the FAAC, gross statutory revenue of N3.485 trillion was received for the month of June 2025. This was higher than the sum of N2.094 trillion received in the month of May 2025 by N1.390 trillion.
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In the month under review, gross revenue of N678.165 billion was available from the Value Added Tax (VAT) lower than the N742.820 billion available in the month of May 2025 by N64.655 billion.
The committee disclosed that from the N1.818 trillion total distributable revenue, the Federal Government received N645.383 billion and the state and local governments got N607.417 billion and N444.853 billion respectively, while N120.759 billion (13% of mineral revenue) was shared to the benefiting State as derivation revenue
The committee disclosed that out of the N1.018 trillion distributable statutory revenue, the Federal Government got N474.455 billion compared to the N240.650 billion and N185.531 billion distributed to the state and local governments respectively while the sum of N118.256 billion (13% of mineral revenue) was shared to the benefiting states as derivation revenue.
Out of the N631.507 billion distributable Value Added Tax (VAT) revenue, the Federal Government received N94.726 billion, the State Governments received N315.754 billion and the Local Government Councils received N221.027 billion.
A total sum of N4.375 billion was received by the Federal Government from the N29.165 billion Electronic Money Transfer Levy (EMTL) while the state and local governments received N14.582 billion and N10.208 billion respectively
Also, out of the N38.849 billion Exchange Difference revenue, the the Federal Government received N19.147 billion, the state governments got N9.712 billion, the local government received received N7.487 billion compared to N2.503 billion (13% of mineral revenue) shared to the benefiting states as derivation revenue.
The communiqué further reflected that the Federal Government got N52.680 billion, the state and local governments received N26,720 billion and N20.600 billion respectively from the N100 billion Augmentation accruals.
During the month in review, Companies Income Tax (CIT), Petroleum Profit Tax(PPT), Electronic Money Transfer Levy (EMTL) increased while Oil and Gas Royalty, Value Added Tax( VAT), Import Duty, Excise Duty and CET Levies decreased..
