The Federation Account Allocation Committee (FAAC) has shared a total of ₦1.818 trillion among the Federal Government (FG), State governments, and Local Government (LG) councils as revenue generated in June 2025.

This was disclosed in a statement issued on Saturday by the Office of the Accountant General of the Federation and signed by the Director of Press and Public Relations, Bawa Mokwa.

According to the statement, the revenue was shared during the July 2025 FAAC meeting held in Abuja.

Below is a Breakdown of Shared Revenue

The ₦1.818 trillion total distributable revenue consisted of:

₦1.018tn from statutory revenue;
₦631.507 billion from Value Added Tax (VAT);
₦29.165bn from Electronic Money Transfer Levy (EMTL);
₦38.849bn from Exchange Difference; and
₦100bn as augmentation from non-mineral revenue.

Federal Government Gets ₦645 Billion

Naijaonpoint understands that of the total amount shared, the Federal Government received ₦645.383 billion, states received ₦607.417 billion, and local government councils received ₦444.853 billion.

An additional ₦120.759bn was shared as 13% derivation to states that benefit from mineral resources.

Statutory Revenue Jumps by Over ₦1.3 Trillion

The communiqué issued by FAAC revealed that the gross statutory revenue for June stood at ₦3.485 trillion, up by ₦1.390 trillion from the ₦2.094 trillion recorded in May 2025.

However, VAT revenue dropped to ₦678.165bn in June from ₦742.820bn in May, marking a decline of ₦64.655bn.

Details of Statutory Revenue Allocation

From the ₦1.018tn statutory revenue shared:

Federal Government received ₦474.455bn
State Governments got ₦240.650bn
LGAs received ₦185.531bn
₦118.256bn went to oil-producing states as 13% derivation

VAT Revenue Sees Dip

Of the ₦631.507bn VAT revenue shared:

Federal Government got ₦94.726bn
States received ₦315.754bn
LGAs received ₦221.027bn

EMTL, Exchange Difference, and Augmentation Breakdown

From the ₦29.165bn Electronic Money Transfer Levy:

FG received ₦4.375bn
States got ₦14.582bn
LGAs received ₦10.208bn

From the ₦38.849bn Exchange Difference revenue:

FG got ₦19.147bn
States received ₦9.712bn
LGAs received ₦7.487bn
₦2.503bn was allocated to states as 13% derivation

From the ₦100bn non-mineral revenue augmentation:

FG received ₦52.680bn
States got ₦26.700bn
LGAs received ₦20.600bn

Revenue Drivers and Decline Areas

The FAAC communiqué highlighted a significant increase in Companies Income Tax (CIT), Petroleum Profit Tax (PPT), and Electronic Money Transfer Levy (EMTL) during the month.

However, it noted a considerable drop in collections from Oil and Gas Royalty, Value Added Tax (VAT), Import Duty, Excise Duty, and Common External Tariff (CET) Levies.