Amid mounting pressure over the nation’s economic hardship, the Federation Account Allocation Committee (FAAC) on Thursday announced the disbursement of N1.818 trillion among the Federal Government, 36 states, and 774 local government councils for the month of June 2025.
The revenue, shared at the July FAAC meeting in Abuja, marks one of the highest monthly allocations in recent years, sparking renewed public scrutiny over transparency and the actual impact of such funds at the grassroots level.
According to a communiqué issued by the Office of the Accountant General of the Federation and signed by its Director of Press, Bawa Mokwa, the N1.818 trillion distributable revenue includes statutory revenue of N1.018 trillion, Value Added Tax (VAT) of N631.507 billion, Electronic Money Transfer Levy (EMTL) of N29.165 billion, Exchange Difference revenue of N38.849 billion, and an augmentation of N100 billion from non-mineral sources.
Despite the impressive figure, total gross revenue for the month stood at a much higher N4.232 trillion. Out of this, deductions totaling N2.413 trillion—including N162.786 billion for revenue collection costs and N2.251 trillion for transfers, refunds, and savings—significantly reduced the amount available for sharing.
The breakdown shows the Federal Government received N645.383 billion, states got N607.417 billion, while local governments were allocated N444.853 billion.
Additionally, oil-producing states received N120.759 billion as 13% derivation revenue.
A closer look at the statutory revenue shows the Federal Government received N474.455 billion, states received N240.650 billion, and local governments got N185.531 billion.
From VAT, the Federal Government took N94.726 billion, states received N315.754 billion, and local governments got N221.027 billion.
From the EMTL, the Federal Government earned N4.375 billion, states received N14.582 billion, and local councils were given N10.208 billion.
The Federal Government also got N19.147 billion from exchange differences, while states and local governments received N9.712 billion and N7.487 billion, respectively.
In addition, N100 billion augmentation from non-mineral revenue was shared with the Federal Government getting N52.680 billion, states receiving N26.720 billion, and local councils getting N20.600 billion.
FAAC reported notable increases in Companies Income Tax (CIT), Petroleum Profit Tax (PPT), and EMTL.
However, the committee flagged significant declines in VAT, oil and gas royalties, import and excise duties, and levies under the Common External Tariff (CET).
While revenue allocations continue to rise, citizens across many states have increasingly questioned the tangible developmental impact of such massive disbursements, particularly in health, education, and infrastructure.
'
'
'
'Do you want to share a story with us? Do you want to advertise with us? Do you need publicity for a product, service, or event? Contact us on WhatsApp +2348183319097 Email: platformtimes@gmail.com
We are committed to impactful investigative journalism for human interest and social justice. Your donation will help us tell more stories. Kindly donate any amount HERE
