Victor EzejaNigeria’s gross statutory revenue rose to N2.085 trillion in April 2025. This was N365.595 billion more than the total of N1.719 trillion received in March 2025, says the Federation Account Allocation Committee (FAAC).
In a communiqué released after its May 2025 meeting in Abuja, FAAC said the rise was primarily due to higher revenue from Value Added Tax (VAT), which was N642.265 billion in April 2025. The April 2025 VAT was N4.647 billion more than the N637.618 billion recorded in March 2025.
Join our WhatsApp ChannelThe Federal Government, states, and local government councils shared N1.681 trillion inApril 2025 Federation Account Revenue, according to the report.
The entire distributable revenue of N1.681 trillion was made up of N962.882 billion in distributable statutory income, N598.077 billion in distributable Value Added Tax (VAT) revenue, N38.862 billion in distributable Electronic Money Transfer Levy (EMTL) revenue, and N81.407 billion in exchange difference.
A total gross revenue of N2.849 trillion was available in April 2025, according to FAAC.
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While N1,066.442 billion was spent on transfers, interventions, refunds, and savings, N101.051 billion was deducted for the cost of collection.
From the N1,681.228 trillion total distributable revenue, the Federal Government earned N565.307 billion, while the state governments received N556.741 billion, according to the communiqué.
While N152.553 billion, or 13% of mineral revenue, was distributed to the beneficiary state as derivation money, N406.627 billion went to the local government council.
According to the communiqué, the Federal Government received N431.307 billion and the state governments received N218.765 billion of the N962.882 billion in distributable statutory revenue.
N144.151 billion, or 13% of mineral revenue, was distributed to the benefitting states as derivation money, while N168.659 billion went to the Local Government Councils.
The Federal Government received N89.712 billion, state governments received N299.039 billion, and local government councils received N209.327 billion from the N598.077 billion distributable value-added tax (VAT) revenue.
READ ALSO: FAAC Revenue: Federal, State, LGA Share N1.7trn In February
The Federal Government got a total of N5.829 billion from the N38.862 billion EMTL. N19.431 billion went to the state governments, while N13.602 billion went to the local government councils.
According to the communiqué, the Federal Government earned N38.459 billion and the state governments received N19.507 billion from the N81.407 billion exchange difference.
N8.402 billion, or 13% of mineral revenue, was distributed among the beneficiary States as derivation money, while N15.039 billion went to local government councils.
Petroleum Profit Tax (PPT), Oil and Gas Royalty, EMTL, Value Added Tax (VAT), Excise Duty, Import Duty, and CET Levies all had big increases in April 2025, according to the statement, but Companies Income Tax (CIT) saw a significant decline.
Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.
