2025: FG, States, LGS Share N1.578TRN in March

The sum of N1,578 trillion was shared to the federal advice, states and the local government in March by the Federal Councils Allocation Committee (FAAC).

By giving a distribution of the amount shared between the three levels of the government, the FAAC in a press release said that the total distributable revenues of N1,578 trillion included distributable statutory revenues of N931,325 billion N24, N24 entrances. N28,711 billion.

The press release committee explained that the total gross revenues of N2.411 trillions were available in March 2025. The total deduction for the cost of the collection was N85.376 billion, while the transfers, interventions and total reimbursements were N747,180 billion.

According to the Committee, gross legal revenues of N1,718 trillions were received for the month of March 2025.

“The gross revenues of N637.618 billion were available from the value added tax (VAT) in March 2025. This was less than the N654,456 billion available in February 2025 of N16,838 billion,” he said.

The press release stated that from the total distributable revenue of N1,578 trillion, the federal government received a total sum of N528.696 billion and state governments have received a total sum of N 530.448 billion.

The advice of the local government received a total sum of N387,002 billion and a total sum of N132.611 billion (13% of mineral revenues) were shared to the states of benefit as derivation entrances.

On the distribution of distribution N931,325 billion, the FAAC said that the federal government received N422,485 billion and state governments received N214,290 billion.

The local government’s advice received N165,209 billion and the sum of N129.341 billion (13% of mineral revenues) were shared with the states of benefit as derivation revenues.

A distribution of VAT revenues (N593.750 billion in value added taxes (VAT), revealed that the “Federal Government received N89,063 billion, state governments received N296.875 billion and local government’s advice received N207,813 billion.

“A total sum of N3,746 billion was received by the Federal Government by the withdrawal of transfer of electronic money of N24,971 (EMTL). State governments received n1,485 billion and the advice of the local government received N8,740 billion.

“From the revenue of the difference in exchange n28,711 billion, the federal government received n13,402 billion and state governments have received N6,798 billion.

“The advice of the local government received N5,241 billion and a total sum of N3,270 billion (13% of mineral revenues) were shared to the states of benefit as derivation revenues”.

In the month in the revision phase, the tax on oil profit (PPT) and the income tax of companies (cit) have increased considerably while oil royalty and gas, the electronic withdrawal withdrawal (EMTL), value added tax (VAT), excise duties, import implications and CET samples have recorded decreases.