In February 2025, the Federal Account Allocation Committee (FAAC) disbursed a total of N1.678 trillion among the federal, state, and local governments. This allocation reflects the revenue generated and distributed during the specified month. The meeting, which facilitated this distribution, was held in Abuja and chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun. Key figures such as the Accountant General of the Federation, Shamseldeen Ogunjimi, were also in attendance.

The total distributable revenue of N1.678 trillion comprised several components. A significant portion, N827.633 billion, came from distributable statutory revenue. Value Added Tax (VAT) contributed N609.430 billion, while the Electronic Money Transfer Levy (EMTL) added N35.171 billion. Revenue from solid minerals amounted to N28.218 billion, and an augmentation of N178 billion was also included.

According to the FAAC communiqué, the total gross revenue available in February 2025 was N2.344 trillion. However, deductions for the cost of collection totaled N89.092 billion, and transfers, interventions, refunds, and savings accounted for N577.097 billion. These deductions and allocations reduced the distributable amount to the aforementioned N1.678 trillion.

The gross statutory revenue received for February 2025 was N1.653 trillion, which is lower than the N1.848 trillion received in January 2025 by N194.664 billion. Similarly, the gross revenue from Value Added Tax (VAT) in February 2025 was N654.456 billion, also lower than the N771.886 billion available in January 2025 by N117.430 billion. These figures indicate a decline in both statutory revenue and VAT revenue between January and February 2025.

From the total distributable revenue of N1.678 trillion, the Federal Government received N569.656 billion, while the State Governments received N562.195 billion. The Local Government Councils received N410.559 billion, and N136.042 billion (13% of mineral revenue) was allocated to the benefiting States as derivation revenue.

Breaking down the N827.633 billion distributable statutory revenue, the Federal Government received N366.262 billion, and the State Governments received N185.773 billion. The Local Government Councils received N143.223 billion, and N132.374 billion (13% of mineral revenue) was shared with the benefiting States as derivation revenue.

From the N609.430 billion distributable Value Added Tax (VAT) revenue, the Federal Government received N91.415 billion, the State Governments received N304.715 billion, and the Local Government Councils received N213.301 billion.

The Electronic Money Transfer Levy (EMTL) of N35.171 billion was distributed as follows: the Federal Government received N5.276 billion, the State Governments received N17.585 billion, and the Local Government Councils received N12.310 billion.

From the N28.218 billion Solid Minerals revenue, the Federal Government received N12.933 billion, and the State Governments received N6.560 billion. The Local Government Councils received N5.057 billion, and N3.668 billion (13% of mineral revenue) was shared with the benefiting States as derivation revenue.

The Augmentation of N178 billion was shared with the Federal Government receiving N93.770 billion, the State Governments receiving N47.562 billion, and the Local Government Councils receiving N36.668 billion.

In February 2025, there were notable changes in revenue sources. Oil and Gas Royalty and Electronic Money Transfer Levy (EMTL) increased significantly. However, Value Added Tax (VAT), Petroleum Profit Tax (PPT), Companies Income Tax (CIT), Excise Duty, Import Duty, and CET Levies recorded decreases.