May 2025 Federation Account Revenue: Federal, States & LGCs Share 1.659 Trillion Naira

A total sum of N1.659 trillion, being May 2025 Federation Account Revenue has been shared to the Federal, States and the Local Government Councils.

The revenue was shared at the June 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja.

The N1.659 trillion total distributable revenue comprised revenue of N863.8 billion, Value Added Tax (VAT) revenue of N691.7billion, Electronic Money Transfer Levy (EMTL) revenue of N27.667 billion and Exchange Difference revenue of N76.614 billion.

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The Federation Account Allocation Committee (FAAC) indicated that total gross revenue of N2.942 trillion was available in the month of May 2025. Total deduction for cost of collection was N111.908 billion while total transfers, interventions and refunds was N1.171 trillion.

The Gross revenue of N2.094 trillion received in the month of May 2025, is higher than the sum of N2.084 trillion received in the month of April 2025 by N10.023 Billion.

In May 2025, Companies Income Tax (CIT), Value Added Tax (VAT) and Import Duty increased significantly while CET Levies, Petroleum Profit Tax (PPT), Oil and Gas Royalty and Electronic Money Transfer Levy (EMTL) recorded decreases, while Excise Duty increased only marginally.