According to Ekwutosblog The Federation Account Allocation Committee (FAAC), at its April 2025 meeting chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, shared a total sum of N1.578 Trillion to the three tiers of government as Federation Allocation for the month of March 2025 from a gross total of N2.411 Trillion.
From the stated amount inclusive of Gross Statutory Revenue, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL) and Exchange Difference, the Federal Government received N528.696 Billion, the States received N530.448 Billion, the Local Government Councils got N387.002 Billion, while the Oil Producing States received N132.611 Billion as Derivation, (13% of Mineral Revenue).
The sum of N85.376 Billion was given for the cost of collection, while N747.180 Billion was allocated for Transfers Intervention and Refunds.
Source: PRNigeria
