The Federation Account Allocation Committee (FAAC) has shared a total sum of N1.818 trillion, representing the June revenue, among the Federal Government, states, and Local Government Councils (LGs).
This is according to a communiqué from FAAC, made available by Bawa Mokwa, Director, Press and Public Relations, Office of the Accountant-General of the Federation (OAGF).
The revenue was shared at the July 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja on Friday night.
According to the communiqué, the total revenue of N1.818 trillion comprised statutory revenue of N1.018 trillion, Value Added Tax (VAT) revenue of N631.507 billion, and Electronic Money Transfer Levy (EMTL) of N29.165 billion.
It also comprised Exchange Difference revenue of N38.849 billion and an augmentation of N100 billion from Non-Mineral revenue.
The communiqué indicated that a total gross revenue of N4.232 trillion was available in June.
It stated that the gross revenue of N678.165 billion was available from VAT in June 2025, which was lower than the N742.820 billion available in May by N64.655 billion.
The communiqué indicated that, out of the total distributable revenue of N1.818 trillion, the Federal Government received a total sum of N645.383 billion. In contrast, the state governments received a total sum of N607.417 billion.
It said that the LGs received N444.853 billion, while the sum of N120.759 billion (13 per cent of mineral revenue) was shared with the benefiting states as derivation revenue.
Regarding the N1.018 trillion statutory revenue, the communiqué stated that the Federal Government received N474.455 billion, while the state governments received N240.650 billion.
It further said that from the N38.849 billion Exchange Difference revenue, the Federal Government received N19.147 billion and the state governments received N9.712 billion.
The communiqué stated that the Federal Government received a total sum of N52.680 billion, the state governments received N26.720 billion, and the LGs received N20.600 billion from the N100 billion Augmentation.
