US EditionFAAC: Nigerian Govt, States, LGAs Share N1.681 Trillion in April
- In the revenue distribution for the month of April 2025, a total of N1.681 trillion was allocated among Nigeria’s federal, state, and local governments.
- The rise was driven by higher revenue from taxes and levies related to the petroleum sector, digital transactions, and consumption, including electronic money transfer charges and excise duties, supported by ongoing inflation and fluctuations in the naira’s value.
- Total gross revenue for April was N2.848 trillion, with statutory revenue at N962.882 billion and VAT at N598.077 billion forming major components of distributable funds.
- Out of the total distributable revenue, the Federal Government was allocated N565.307 billion, states received N556.741 billion, local councils were given N406.627 billion, and oil-producing states obtained N152.553 billion as their 13% derivation share according to the statutory revenue-sharing formula.
- This allocation improvement offers fiscal relief to all government levels and reflects ongoing economic reforms despite declines in Companies Income Tax collections.
18 Articles
18 Articles
FAAC: Nigerian govt, states, LGAs share N1.681 trillion in April
The Federation Account Allocation Committee, FAAC, distributed a total of N1.681 trillion as revenue generated in April 2025 to the Federal Government, 36 States, and 774 Local Government Councils across the country. The figure, shared at the FAAC meeting in Abuja on Friday, reportedly reflected an increase of N103 billion compared to the N1.578 trillion shared in March 2025. In the communiqué issued at the end of the meeting, the total distribu…
FAAC: FG, states, LGs share N1.681trn April revenue
FAAC: FG, states, LGs share N1.681trn April revenue The Federation Account Allocation Committee (FAAC) has shared N1.681 trillion, being April revenue among the Federal Government, states and the local government councils (LGCs). This is according to a communiqué made available by Bawa Mokwa, the Director, Press and Public Relations, Office of the Accountant-General of the […] The post FAAC: FG, states, LGs share N1.681trn April revenue appeared…
FAAC Disburses N1.681 Trillion for April: Revenue Soars on Robust Oil, Tax Gains Amidst Fiscal Strains
FAAC Disburses N1.681 Trillion for April: Revenue Soars on Robust Oil, Tax Gains Amidst Fiscal Strains -In what underscores a continued surge in government earnings driven by oil receipts and non-oil tax revenues, the Federation Account Allocation Committee FAAC Disburses N1.681 Trillion for April: Revenue Soars on Robust Oil, Tax Gains Amidst Fiscal Strains
FG, States, LGAs Get N1.681trn from April Revenue from FAAC
By Aduragbemi Omiyale The sum of N1.681 trillion has been disbursed to the federal government, the 36 states and the 774 local government areas of the federation from the N2.849 trillion generated in April 2025 by the nation, higher than the N1.719 trillion earned in March 2025. The money was given to the three tiers […]
Federal, State, LGs share N1.681trn FAAC allocation for April
The Federation Account Allocation Committee (FAAC), at its May 2025 meeting chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, shared a total sum of N1. 681Trillion to the three tiers of government as Federation Allocation for the month of April 2025 from a gross total of N2.848 […] The post Federal, State, LGs share N1.681trn FAAC allocation for April appeared first on Trending News.
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