THE Federal Government, 36 States, and 774 Local Government Areas have shared N1.681 trillion as federation account revenue for April 2025.
The amount represents a 6.5 per cent increase compared to the N1.578 trillion shared for March.
The ICIR reports that the April federation allocation revenue increment was largely as result of VAT revenue which rose to N642.27 billion, compared to N637.62 billion in the previous month.
This was disclosed in a statement on Friday, May 16, by the Director of Press and Public Relations at the Office of the Accountant General of the Federation, Bawa Mokwa.
Mokwa noted in the statement that the amount was shared during the May 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja.
“The total distributable revenue of N1.681 trillion comprised distributable statutory revenue of N962.88 billion, Value Added Tax (VAT) of N598.08 billion, Electronic Money Transfer Levy (EMTL) of N38.86 billion, and Exchange Difference of N81.41 billion,” the statement read.
FAAC reported that gross revenue for April 2025 stood at N2.848 trillion, out of which N101.05 billion was deducted as cost of collection, while N1.066 trillion was set aside for transfers, refunds, interventions, and savings.
Gross statutory revenue for the month rose to N2.085 trillion, up by N365.60 billion from the N1.719 trillion recorded in March.
From the N1.681 trillion shared, the Federal Government received N565.31 billion, the state governments received N556.74 billion, while local government councils got N406.63 billion.
An additional N152.55 billion was disbursed to oil-producing states as 13 per cent derivation revenue.
A breakdown showed that from the N962.88 billion statutory revenue, the Federal Government received N431.31 billion, states received N218.77billion, local councils got N168.66 billion, and N144.15bn was allocated as derivation revenue.
For the N598.08 billion VAT pool, the Federal Government received N89.71 billion, states got N299.04 billion, and local councils received N209.33 billion.
The EMTL revenue of N38.86bn was shared as follows: N5.83bn to the Federal Government, N19.43 billion to states, and N13.60 billion to local governments.
Also, from the N81.41 billion Exchange Difference, the Federal Government received N38.46 billion, states received N19.51 billion, local governments got N15.04 billion, and N8.40 billion was shared as derivation.
The statement noted that, “In April 2025, Petroleum Profit Tax, Oil and Gas Royalty, Electronic Money Transfer Levy, VAT, Excise Duty, Import Duty and CET Levies increased significantly, while Companies Income Tax decreased considerably.”
The ICIR reports that the rise in revenue suggests improved economic activity in consumption and import-related areas, as well as better compliance with petroleum-related tax obligations.
At the same time, the decline in CIT may indicate continued strain on corporate profitability amid macroeconomic headwinds such as inflation, naira volatility, and elevated input costs.
Harrison Edeh is a journalist with the International Centre for Investigative Reporting, always determined to drive advocacy for good governance through holding public officials and businesses accountable.