• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, September 3, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

FAAC Disbursement To FG, States, LGAs Drops To N1.578trn In March

by Mark Itsibor
5 months ago
in Business
faac
Share on WhatsAppShare on FacebookShare on XTelegram

The Federation Accounts Allocation Committee (FAAC) has disbursed a total of N1.578 trillion to the Federal Government, states, and local government areas (LGAs) from the March 2025 revenues, marking a decline from previous months.

Advertisement

The March disbursement, was about N25 billion lower than the N1.678 trillion shared for February 2025, representing a decrease of approximately 1.5 percent

The revenue was shared at the April 2025 FAAC meeting held in Abuja.

The total distributable revenue of N1.578 trillion comprised distributable statutory revenue of N931.325 billion, distributable VAT revenue of N 593.750 billion, electronic money transfer levy revenue of N24.971 billion and exchange difference revenue of N28.711 billion.

According to a communiqué issued by the FAAC, total gross revenue of N2.411 trillion was available in the month of March 2025. Total deduction for cost of collection was N85.376 billion while total transfers, interventions and refunds was N747.180 billion.

ADVERTISEMENT

Data from the Accountant General’s office stated that gross statutory revenue of N1.718 trillion was received for the month of March 2025. This was higher than the sum of N1.653 trillion received in the month of February 2025 by N65.422 billion.

RELATED

Bitget Adds Apple, Google, Amazon, Others To RWA Futures Lineup

Bitget Adds Apple, Google, Amazon, Others To RWA Futures Lineup

13 hours ago
Expert Rejects BPE Proposal To Sell 5 NIPP/NDPHC Power Plants

BPE Plans Listing 2 DisCos, GenCo On Stock Exchange

19 hours ago

Gross revenue of N637.618 billion was available from the VAT in March 2025. This was lower than the N654.456 billion available in the month of February 2025 by N16.838 billion.

The communiqué stated that from the total distributable revenue of N1.578 trillion, the federal government received a total sum of N528.696 billion and the state governments received a total sum of N530.448 billion.

ADVERTISEMENT

The LGAs received a total sum of N387.002 billion and a total sum of N132.611 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.
On the N931.325 billion distributable statutory revenue, the communiqué stated that the FG received N422.485 billion and the state governments received N214.290 billion.

The local government received N165.209 billion and the sum of N129.341 billion (13 per cent of mineral revenue) was shared to the benefiting states as derivation revenue.

From the N593.750 billion distributable Value Added Tax (VAT) revenue, the federal government received N89.063 billion, the state governments received N296.875 billion and the LGAs received N207.813 billion.
A total sum of N3.746 billion was received by the federal government from the N24.971 billion Electronic Money Transfer Levy (EMTL).

The 36 states received N12.485 billion and the local government areas received N8.740 billion.

From the N28.711 billion exchange difference revenue, the federal government received N13.402 billion and the state governments received N6.798 billion.

The local governments received N5.241 billion and a total sum of N3.270 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.


Join Our WhatsApp Channel



Tags: Federation Accounts Allocation Committee (FAAC)
SendShare10179Tweet6362Share
ADVERTISEMENT
Previous Post

Experts Call For Enterprise Risk Mgt To Boost Nigeria’s Business Resilience

Next Post

Entrepreneurs Commend FCMB’s Training Programme

Mark Itsibor

Mark Itsibor

Mark Itsibor is a journalist and communication specialist with 10 years of experience, He is currently Chief Correspondent at LEADERSHIP Media Group and writes on Finance, Economy, Politics, Crime, and Judiciary. He has a B.Sc in Political Science, Post Graduate Diploma in Journalism (Print), and B.A in Development Communication. His Twitter handle is @Itsibor_M

You May Like

Bitget Adds Apple, Google, Amazon, Others To RWA Futures Lineup
Business

Bitget Adds Apple, Google, Amazon, Others To RWA Futures Lineup

2025/09/03
Expert Rejects BPE Proposal To Sell 5 NIPP/NDPHC Power Plants
Business

BPE Plans Listing 2 DisCos, GenCo On Stock Exchange

2025/09/03
EXIM, NEXIM Sign MoU On Economic Cooperation, Expand Trade Ties
Business

NEXIM Bank Disburses N137bn To Exporters

2025/09/03
Large-cap Stock Drives Local Bourse To N180bn Gains
Business

Lafarge Africa, 47 Others Drag Stock Market Down By N623bn

2025/09/03
Global Malnutrition Affects 1 In 5 Adults – WHO
Business

‘Agriculture Remains Key Economic Driver For Nigeria’

2025/09/03
Naira-Yuan Swap: Experts Foresee Stronger Currency, Cheaper Imported Goods From China
Business

Naira-Yuan Swap: Experts Foresee Stronger Currency, Cheaper Imported Goods From China

2025/09/03
Leadership Conference advertisement

LATEST

10 Die, Another 10 Hospitalised in Enugu Road Crashes

US Government Offers IDPs $32.5m Food, Nutrition Aid In Nigeria

Tinubu To Commission 6,000MT Lithium Plant In Nasarawa

Rivers: Tinubu Meets Administrator Ibas Ahead Of Emergency Rule Expiry

Federal Government Laments Cancellation Of US Visas For Nigerians

Nothing Will Stop Tinubu From Winning 2027 Presidential Poll — Rep Jibrin

2027: ‘North Not Marginalised, Ruled Over 39 Years’, Says Kano Lawmaker Jibrin

‘Kwankwaso Open To Joining APC’, Says Ally Hon. Jibrin

NSCDC Nabs Fake Officer In Katsina

Resume Oil Exploration In Kolmani, Lake Chad, North-East Governors Tell Tinubu

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.