FG and others shared N1.68trn in April as VAT revenue increased by N4.64bn

This is an increase of N110 billion compared to the N1.57 trillion shared as federation allocation for March.

In a communiqué issued on Friday at the end of FAAC’s May meeting, chaired by Wale Edun, minister of finance and coordinating minister of the economy, the ministry said the total revenue distributable was drawn from a gross revenue of N2.848 trillion.

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According to the statement by Mohammed Manga, director of information and public relations at the ministry, the gross revenue comprised statutory revenue, value-added tax (VAT), electronic money transfer levy (EMTL), and exchange difference.

The communique said the federal government received N565.30 billion, the states got N556.74 billion, local government councils received N406.62 billion, while oil-producing states received N152.55 billion as derivation (13% of mineral revenue).

FAAC added that the sum of N101.05 billion was given for the cost of collection, while N1.06 trillion was allocated for transfers, intervention and refunds.

The director said VAT revenue increased to N642.26 billion as against N637.61 billion distributed in the previous month — representing an increase of N4.64 billion

“The Communique issued by the Federation Account Allocation Committee (FAAC) at the end of the meeting indicated that the Gross Revenue available from the Value Added Tax (VAT) for the month of April 2025, was N642.265 Billion as against N637.618 Billion distributed in the preceeding month, resulting in an increase of N4.647 Billion,” Manga said.

“From that amount, the sum of N25.691 Billion was allocated for the cost of collection and the sum of N18.497 Billion given for Transfers, Intervention and Refunds. The remaining sum of N598.077 Billion was distributed to the three tiers of government, of which the Federal Government got N89.712 Billion, the States received N299.039 Billion and Local Government Councils got N209.327 Billion.

“Accordingly, the Gross Statutory Revenue of N2.084 Trillion received for the month was higher than the sum of N1.718 Trillion received in the previous month by N365.595 Billion. From the stated amount, the sum of N73.741 Billion was allocated for the cost of collection and a total sum of N1.047 Trillion for Transfers, Intervention and Refunds.

“The remaining balance of N962.882 Billion was distributed as follows to the three tiers of government: Federal Government got the sum of N431.307 Billion, States received N218.765 Billion, the sum of N168.659 Billion was allocated to LGCs and N144.151 Billion was given to Derivation Revenue (13% Mineral producing States).

“Also, out of the sum of N40.481 Billion from Electronic Money Transfer Levy (EMTL), the sum of N38.862 Billion was distributed to the three (3) tiers of government as follows: the Federal Government received N5.829 Billion, States got N19.431 Billion, Local Government Councils received N13.602 Billion. The remaining balance of N1.619 Billion was allocated for Cost of Collection.”

The director also said N81.40 billion from exchange differences was distributed to the three tiers of government.

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He said that from the amount, the federal government got N38.45 billion, the state received N19.50 billion, local government councils got N15.03 billion, while oil-producing states received N8.40 billion.

Manga said the petroleum profit tax (PPT), oil and gas royalty, VAT, EMTL, excise duty, import duty and CET levies increased significantly, but company income tax (CIT) recorded a decrease.

The communique added that the total revenue distributed in April was drawn from statutory revenue of N962.88 billion, VAT of N598.07 billion, N38.86 billion from EMTL and exchange difference of N81.40 billion.