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FAAC Shares N1.82 Trillion Among FG, States, LGAs for June 2025

By The Bureau1 min read
FAAC Shares N1.82 Trillion Among FG, States, LGAs for June 2025

By Safiyat Muhammed | Abuja

The Federation Account Allocation Committee (FAAC) has announced the disbursement of ₦1.82 trillion to the federal, state, and local governments for the month of June 2025, marking a notable increase from the ₦1.65 trillion distributed in May.

The update was disclosed in a statement by Bawa Mokwa, Director of Press at the Office of the Accountant-General of the Federation (OAGF), following FAAC’s July 2025 meeting in Abuja.

The total revenue distributed includes:

  • ₦1.01 trillion in statutory revenue

  • ₦631.51 billion from value-added tax (VAT)

  • ₦29.17 billion from the electronic money transfer levy (EMTL)

  • ₦38.84 billion from exchange difference

  • ₦100 billion as augmentation from non-mineral revenue

Breakdown of Allocation:

  • Federal Government: ₦645.38 billion

  • State Governments: ₦607.42 billion

  • Local Governments: ₦444.85 billion

  • Oil-producing states: ₦120.76 billion (13% derivation)

For the ₦1.01 trillion statutory revenue alone, the federal government received ₦474.46 billion, while states got ₦240.65 billion.

The VAT pool of ₦631.51 billion was distributed as follows:

  • Federal Government: ₦19.14 billion

  • States: ₦9.71 billion

  • Local Governments: ₦7.48 billion

  • Oil-producing states (13% derivation): ₦2.50 billion

From the ₦100 billion augmentation fund, the federal government received ₦52.68 billion, the states ₦26.72 billion, and the local governments ₦20.60 billion.

FAAC noted that revenue from Company Income Tax (CIT), Petroleum Profit Tax (PPT), and EMTL all saw significant increases during the month.

However, gross VAT revenue declined to ₦678.17 billion in June, falling by ₦64.65 billion from the ₦742.82 billion recorded in May.

Despite the higher revenue, deductions for the cost of collection stood at ₦162.79 billion, and total transfers, interventions, refunds, and savings accounted for ₦2.25 trillion.

The post FAAC Shares N1.82 Trillion Among FG, States, LGAs for June 2025 appeared first on The Bureau Newspaper.

Source: The BureauView original ›

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