Nigeria’s Federation Accounts Allocation Committee (FAAC) has shared N1.818 trillion among the three tiers of government – the federal states and local government as revenues for June 2025.
According to the statement issued on Saturday by Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant General of the Federation (OAGF), this figure is higher than N1.659 trillion shared last month.
The statement said that the allocation followed the July 2025 FAAC meeting of the Allocation Committee.
It added that the gross revenue of the government in June was N4.232 trillion out of which N162.786 billion was deducted as cost of collection, while N2.251 trillion was earmarked for transfers, interventions, refunds and savings.
The total distributable revenue in the moth was N1.818 trillion, which comprised N1.018 trillion from statutory revenue, N631.507 billion from Value Added Tax (VAT), N29.165 billion from Electronic Money Transfer Levy (EMTL), N38.849 billion as Exchange Difference revenue, and an additional N100 billion augmentation sourced from non-mineral revenue.
“Out of the N1.818 trillion distributable revenue, the Federal Government was allocated N645.383 billion, State Governments N607.417 billion, while the Local Governments received N444.853 billion.
“A total of N120.759 billion was shared among the oil-producing states as 13% derivation revenue,” the statement added.
GIK/APA