The Federal Government (FG), states, and local government councils have shared a total of N1.578 trillion as federation allocation for the month of March 2025.
This was disclosed in a press release issued by the Federal Ministry of Finance following the April 2025 meeting of the Federation Account Allocation Committee (FAAC).
The meeting was chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun.
According to the communiqué released after the meeting, the total distributable revenue for the month was drawn from a gross revenue of N2.411 trillion.
This amount includes earnings from Gross Statutory Revenue, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL), and Exchange Difference.
From the distributable revenue of N1.578 trillion, the FG received N528.696 billion, the 36 states received N530.448 billion, and the 774 local government councils got N387.002 billion.
In addition, oil-producing states received N132.611 billion as 13 percent derivation from mineral revenue.
A total of N85.376 billion was allocated for the cost of revenue collection, while N747.180 billion was set aside for transfers, interventions, and refunds.
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The gross revenue from VAT for March 2025 was reported as N637.618 billion, which is a decrease of N16.838 billion compared to the N654.456 billion recorded in the preceding month.
Out of this, N25.505 billion was used for the cost of collection, and N18.363 billion was allocated for transfers, interventions, and refunds.
The remaining N593.750 billion was distributed among the three tiers of government.
From this amount, the FG received N89.063 billion, states got N296.875 billion, and local government councils received N207.813 billion.
The gross statutory revenue for the month stood at N1.718 trillion, which is higher than the N1.653 trillion recorded in the previous month by N65.422 billion.
Out of this amount, N58.831 billion was set aside for the cost of collection, while N728.817 billion went into transfers, interventions, and refunds.
The remaining balance of N931.325 billion was distributed as follows: the FG received N422.485 billion, states received N214.290 billion, local government councils got N165.209 billion, and N129.341 billion was allocated to oil-producing states as derivation revenue.
Furthermore, the sum of N26.011 billion from the Electronic Money Transfer Levy (EMTL) was also distributed.
The FG received N3.746 billion, states received N12.485 billion, and local government councils received N8.740 billion, while N1.040 billion was earmarked for the cost of collection.
Also, the sum of N28.711 billion from Exchange Difference was distributed to the three tiers of government. The FG received N13.402 billion, the states received N6.798 billion, the local government councils got N5.241 billion, and oil-producing states received N3.270 billion.
The communiqué noted that while Petroleum Profit Tax (PPT) and Companies Income Tax (CIT) recorded considerable increases, other revenue sources such as Oil and Gas Royalties, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL), Excise Duty, Import Duty, and Common External Tariff (CET) levies witnessed declines.
In total, the N1.578 trillion distributed for March 2025 was made up of N931.325 billion from statutory revenue, N593.750 billion from VAT, N24.971 billion from EMTL, and N28.711 billion from exchange difference.
