The Federation Account Allocation Committee (FAAC) has distributed a complete of N1.659 trillion as Federation Account income for Might 2025.
This represents a lower from the N1.681 trillion shared in April 2025, marking a decline of N22 billion or roughly 1.31%.
In line with a press assertion on Wednesday by the Director (Press and Public Relations) on the Workplace of the Accountant Normal of the Federation, Bawa Mokwa, the disbursement was made throughout the FAAC assembly held in Abuja in June 2025.
The entire income was shared among the many Federal Authorities, 36 state governments, and 774 native authorities councils (LGCs) according to the standard revenue-sharing method.
Income breakdown and allocation
The entire distributable income for Might 2025 consisted of N863.895 billion in distributable statutory income, N691.714 billion in Worth Added Tax (VAT) income, N27.667 billion from the Digital Cash Switch Levy (EMTL), and N76.614 billion from Trade Distinction income.
- The entire gross income for Might 2025 stood at N2.942 trillion, a rise from April’s N2.084 trillion. Nevertheless, after deductions for value of assortment (N111.908 billion) and transfers, interventions, and refunds (N1.171 trillion), the distributable income got here to N1.659 trillion.
- The statutory income, which types the majority of the distributable income, elevated barely. Gross statutory income for Might 2025 amounted to N2.094 trillion, a rise of N10.023 billion from the N2.084 trillion in April 2025. Equally, VAT income rose by N100.555 billion from N642.265 billion in April to N742.820 billion in Might.
- The disbursement of the N1.659 trillion was shared as follows: the Federal Authorities obtained N538.004 billion, State Governments obtained N577.841 billion, and Native Authorities Councils (LGCs) have been allotted N419.968 billion. Moreover, N124.076 billion, representing 13% of mineral income, was allotted to the benefiting states as derivation income.
- The N863.895 billion in distributable statutory income was divided into N393.518 billion for the Federal Authorities, N199.598 billion for State Governments, and N153.881 billion for Native Authorities Councils. One other N116.898 billion, representing 13% of mineral income, was shared among the many benefiting states as derivation income.
- VAT income totalling N691.714 billion was distributed, with N103.757 billion going to the Federal Authorities, N345.857 billion to the State Governments, and N242.100 billion to Native Authorities Councils.
- The N27.667 billion Digital Cash Switch Levy (EMTL) was shared as follows: the Federal Authorities obtained N4.150 billion, the State Governments obtained N13.833 billion, and the Native Authorities Councils obtained N9.683 billion.
- From the N76.614 billion in Trade Distinction income, the Federal Authorities obtained N36.579 billion, State Governments obtained N18.553 billion, and Native Authorities Councils obtained N14.304 billion. Moreover, N7.178 billion (13% of mineral income) was shared with the benefiting states as derivation income.
Efficiency of key income streams
Might 2025 noticed important will increase in income from Firms Revenue Tax (CIT), VAT, and Import Obligation. Nevertheless, a number of different levies skilled a decline. CET Levies, Petroleum Revenue Tax (PPT), Oil and Fuel Royalty, and Digital Cash Switch Levy (EMTL) all noticed decreases. Excise Obligation confirmed solely a marginal improve throughout the interval.
Whereas the decline in complete income between April and Might 2025 is notable, the general figures spotlight the continued efforts to handle and distribute nationwide income successfully. Regardless of fluctuations in key income streams, the allocation to the Federal Authorities, State Governments, and Native Authorities Councils ensures a gradual circulation of funds to help authorities operations at numerous ranges.
