• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, July 31, 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

Federal Gov’t, States Share N1.659trn May Revenue

by Mark Itsibor and Leadership News
1 month ago
in Business
Share on WhatsAppShare on FacebookShare on XTelegram

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

Advertisement

The revenue was shared at the June 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja, according to a statement issued by the Office of the Accountant-General of the Federation, on Wednesday.

A statement by the Director of Information, Office of the Accountant General of the Federation, Bawa Mokwa said the N1.659 trillion total distributable revenue comprised distributable statutory revenue of N863.895 billion, distributable Value Added Tax (VAT) revenue of N691.714 billion, electronic money transfer levy revenue of N27.667 billion and exchange rate difference revenue of N76.614 billion.

 

A 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 for the period was N1.171 trillion.

RELATED

Port Harcourt Refinery Not For Sale — NNPC

Port Harcourt Refinery Not For Sale — NNPC

17 hours ago
[EDITORIAL] The World Against Trafficking In Persons

EU Announces Extra €6m Support To Fight Human Trafficking In Nigeria

21 hours ago

 

According to the statement, gross statutory revenue of N2.094 trillion was received for the month of May 2025, higher than N2.084 trillion received in April 2025 by N10.023 billion.

 

A gross total of N742.820 billion was available as revenue from Valued Added Tax (VAT) in May 2025, higher than N642.265 billion available the previous month by N100.555 billion.

 

The statement further stated that from the N1.659 trillion total distributable revenue, the Federal Government received N538.004 billion while state governments received N577.841 billion.

 

Local government councils received a total of N419.968 billion, while the sum of N124.076 billion, being13% of mineral revenue was shared to the benefiting states as derivation.

 

On the N863.895 billion distributable statutory revenue, the statement said the federal government received N393.518 billion and N199.598 billion shared to state governments.

 

The LGAs received N153.881 billion and the sum of N116.898 billion, 13% of mineral revenue, was shared to the benefiting states as derivation revenue.

 

Out of the N691.714 billion distributable VAT revenue, the federal government received N103.757 billion, the states received N345.857 billion while the local government areas received N242.100 billion.

 

A total sum of N4.150 billion was received by the federal government from the N27.667 billion electronic transfer levy, state governments received N13.833 billion and LGAs, N9.683 billion.

 

From the N76.614 billion exchange rate difference revenue, the federal government received N36.579 billion and the state governments, N18.553 billion.

 

Local governments got N14.304 billion, while the sum of N7.178 billion was shared as 13% of mineral revenue to the benefiting states.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: Federation Accounts Allocation Committee (FAAC)
SendShareTweetShare
Previous Post

Tinubu Orders Security Chiefs To Arrest Killers Of Benue People

Next Post

Tinubu Set To Assent Tax Reform Bills

Mark Itsibor and Leadership News

Mark Itsibor and Leadership News

You May Like

Port Harcourt Refinery Not For Sale — NNPC
Business

Port Harcourt Refinery Not For Sale — NNPC

2025/07/30
[EDITORIAL] The World Against Trafficking In Persons
Business

EU Announces Extra €6m Support To Fight Human Trafficking In Nigeria

2025/07/30
Lekki Port Moves 40,000TEUs Transhipment Cargoes Across West African Seaports
Business

Lekki Port Moves 40,000TEUs Transhipment Cargoes Across West African Seaports

2025/07/30
Sub-Saharan Africa’s 3.4% 2024 Growth Inadequate To Curb Poverty – World Bank
Business

World Bank Advocates Strong Policies, Action To End Gas Flaring

2025/07/30
Chams Unveils Driving Forces Of Stellar Performance
Business

Chams Holding Rebrands, Restructures For Future Growth

2025/07/30
Ecobank Nigeria To Reward  500 Customers
Business

Ecobank Group Reports $398m Pre-tax Profit, $1.1bn Net Revenue In H1

2025/07/30
Leadership Conference advertisement

LATEST

FCTA To Launch Mandatory Hepatitis Screening For Food Handlers

6 Children Die In Jigawa Boat Accident

FCC, Police Service Commission Partner On Recruitment

End Human Trafficking In Nigeria, LCCN Urges Govt

IBB Demands Laws To Guarantee Democratic Dividends

Shettima Seeks FAO, IFAD, WFP Chiefs’ Support For Lake Chad, Others

2027: Kebbi Central APC Youths Beg Bagudu, Aliero To Back New Candidate

Ahmadu Bello Foundation Lauded Over Electoral Citizen Engagement

Rotary Club Reaches 450 Women, Children In Jikwoyi Health Drive

FG, FAO To Strengthen Forest Management

© 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.