According to a recent statement from the National Bureau of Statistics (NBS), The Federation Account Allocation Committee (FAAC) “disbursed the sum of ₦2.94 trillion Naira to the three tiers of government in June 2025, from the total revenue generated in May 2025.”
The amount disbursed comprised:
• ₦2.09 trillion recorded from the Statutory Account;
• ₦76.61 billion from Exchange Gain;
• ₦28.82 billion from Electronic Money Transfer Levy (EMTL);
• ₦742.82 billion from Value Added Tax (VAT).
The allocations to the three tiers of government for June 2025 were:
• Federal Government with a total of ₦538.00 billion.
• States with a total of ₦577.84 billion.
• Local Governments with a total of ₦419.97 billion.
A summary of the gross revenue allocation for May 2025 reveals a total disbursement of approximately N2.942 trillion ($1.94 billion) in June.
This figure encompasses allocations to the Federal Government, State Governments, and Local Government Councils (LGCs).
Under the gross allocation, the FGN received a total of N538.00 billion (approximately $353.95 million), including N393.52 billion ( $258.89 million) in Statutory Allocation, N40.73 billion ( $26.79 million) from Other sources, and N103.76 billion (about $68.26 million) from VAT.
State Governments collectively received N577.84 billion ( $380.16 million), with N199.60 billion ($131.32 million) in Statutory Allocation, N32.39 billion ($21.31 million) from Others revenue sources and N345.86 billion ($227.54 million) from VAT.
Local Government Councils were allocated N419.97 billion ( $276.30 million), comprising N153.88 billion ( $101.24 million) in Statutory Allocation, N23.99 billion ($15.78 million) from Other revenue sources, and N242.10 billion ($159.28 million) from VAT.
The “Others” category for the gross allocation includes distributions from the Exchange Gain and Electronic Money Transfer Levy (EMTL).
Additionally, the summary details various deductions and allocations, such as the 13% Derivation Fund (N124.08 billion, $81.63 million), Cost of Collection for NCS (N28.71 billion, $18.89 million), FIRS (N58.59 billion, $38.55 million), and NUPRC (N24.61 billion, $16.19 million), as well as allocations to the North East Development Commission (N21.39 billion, $14.07 million) and refunds to FIRS (N25.00 billion, or $16.45 million).
Further deductions and distributions include 13% Derivation Refunds on withdrawals from JVC/ECA (N100.00 billion,$65.79 million) and on Signature Bonus (N100.00 billion, $65.79 million), Transfers to NMDRA (N41.27 billion, $27.15 million) and to Non-Oil Excess Account (N800.00 billion, $526.32 million), Refunds on Subsidy and Priority Projects (N18.16 billion, $11.95 million), and a Refund of 13% Derivation in respect to NNPC MGT Fee and Frontier Exploration Fund for January 2025 (N9.51 billion, $6.26 million).
Moreover, 13% Derivation Refunds to Oil Producing States amounted to N150.00 billion ($98.68 million), and a 0.5% share of Non-Oil Federation Revenue was allocated to RMAFC (N5.71 billion, $3.76 million).
Conversion is based on the exchange rate of N1,520 to $1.
These disbursements reflect the ongoing efforts to distribute national revenue in accordance with the established revenue sharing formula. The detailed figures provide transparency into the financial allocations across different levels of government and statutory bodies in Nigeria.
