The Federal Government, 36 states, and 774 local government councils have shared a total of N1.681tn as Federation Account revenue for April 2025, representing a 6.5 per cent increase compared to the N1.578tn shared for March.

The Federal Government, 36 states, and 774 local government councils have shared a total of N1.681tn as Federation Account revenue for April 2025, representing a 6.5 per cent increase compared to the N1.578tn shared for March.

This was disclosed in a statement on Friday by the Director of Press and Public Relations at the Office of the Accountant General of the Federation, Bawa Mokwa.

According to the statement, the amount was shared during the May 2025 Federation Account Allocation Committee meeting held in Abuja.

“The total distributable revenue of N1.681tn comprised distributable statutory revenue of N962.88bn, Value Added Tax of N598.08bn, Electronic Money Transfer Levy of N38.86bn, and Exchange Difference of N81.41bn,” the statement read.

FAAC reported that gross revenue for April 2025 stood at N2.848tn, out of which N101.05bn was deducted as cost of collection, while N1.066tn was set aside for transfers, refunds, interventions and savings.

Gross statutory revenue for the month rose to N2.085tn, up by N365.60bn from the N1.719tn recorded in March.

VAT revenue also inched up to N642.27bn, compared to N637.62bn in the previous month.

Muazzam Hamza