The Federation Account Allocation Committee (FAAC) has distributed a total of N1.659 trillion as Federation Account revenue for May 2025.
This represents a decrease from the N1.681 trillion shared in April 2025, marking a decline of N22 billion or approximately 1.31%.
According to a press statement on Wednesday by the Director (Press and Public Relations) at the Office of the Accountant General of the Federation, Bawa Mokwa, the disbursement was made during the FAAC meeting held in Abuja in June 2025.
The total revenue was shared among the Federal Government, 36 state governments, and 774 local government councils (LGCs) in line with the usual revenue-sharing formula.
The total distributable revenue for May 2025 consisted of N863.895 billion in distributable statutory revenue, N691.714 billion in Value Added Tax (VAT) revenue, N27.667 billion from the Electronic Money Transfer Levy (EMTL), and N76.614 billion from Exchange Difference revenue.
May 2025 saw significant increases in revenue from Companies Income Tax (CIT), VAT, and Import Duty. However, several other levies experienced a decline. CET Levies, Petroleum Profit Tax (PPT), Oil and Gas Royalty, and Electronic Money Transfer Levy (EMTL) all saw decreases. Excise Duty showed only a marginal increase during the period.
While the decline in total revenue between April and May 2025 is notable, the overall figures highlight the continued efforts to manage and distribute national revenue effectively. Despite fluctuations in key revenue streams, the allocation to the Federal Government, State Governments, and Local Government Councils ensures a steady flow of funds to support government operations at various levels.