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:
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₦1.01 trillion in statutory revenue
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₦631.51 billion from value-added tax (VAT)
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₦29.17 billion from the electronic money transfer levy (EMTL)
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₦38.84 billion from exchange difference
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₦100 billion as augmentation from non-mineral revenue
Breakdown of Allocation:
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Federal Government: ₦645.38 billion
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State Governments: ₦607.42 billion
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Local Governments: ₦444.85 billion
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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:
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Federal Government: ₦19.14 billion
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States: ₦9.71 billion
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Local Governments: ₦7.48 billion
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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.
