The Federation Account Allocation Committee (FAAC) has disbursed a total of N1.578 trillion to the Federal Government, State Governments, and Local Government Councils for the month of March 2025. This allocation, which took place at the committee's April meeting in Abuja, reflects the revenue distribution from various sources, including statutory revenue, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL), and Exchange Difference revenue.

According to a communiqué issued by Bawa Mokwa, the Director of Press and Public Relations, Office of the Accountant-General of the Federation (OAGF), the total revenue of N1.578 trillion comprised N931.325 billion from statutory revenue, N593.750 billion from VAT, N24.971 billion from EMTL, and N28.711 billion from Exchange Difference revenue. The gross revenue available for distribution in March was N2.411 trillion. However, deductions for the cost of collection amounted to N85.376 billion, while transfers, interventions, and refunds totaled N747.180 billion.

A comparative analysis reveals that the gross statutory revenue for March 2025, at N1.718 trillion, surpassed the N1.653 trillion received in February 2025 by N65.422 billion. Conversely, VAT revenue experienced a decline, with N637.618 billion available in March, compared to N654.456 billion in February, marking a decrease of N16.838 billion.

The distribution breakdown shows that the Federal Government received N528.696 billion, while the State Governments received N530.448 billion. The Local Government Councils were allocated N387.002 billion, and N132.611 billion, representing 13% of mineral revenue, was shared among the benefiting states as derivation revenue.

Specifically, from the statutory revenue of N931.325 billion, the Federal Government received N422.485 billion, the State Governments received N214.290 billion, and the Local Government Councils received N165.209 billion. An amount of N129.341 billion, constituting 13% of mineral revenue, was distributed to the benefiting states as derivation revenue.

Regarding the VAT revenue of N593.750 billion, the Federal Government received N89.063 billion, the State Governments received N296.875 billion, and the Local Government Councils received N207.813 billion.

From the EMTL revenue of N24.971 billion, the Federal Government received N3.746 billion, the State Governments received N12.485 billion, and the Local Government Councils received N8.740 billion.

Lastly, from the Exchange Difference revenue of N28.711 billion, the Federal Government received N13.402 billion, the State Governments received N6.798 billion, and the Local Government Councils received N5.241 billion. Additionally, N3.270 billion from this revenue was allocated as 13% derivation to oil-producing states.

Trends within the revenue streams indicate that Petroleum Profit Tax (PPT) and Companies Income Tax (CIT) experienced considerable increases in March. However, Oil and Gas royalty, EMTL, VAT, Excise Duty, Import Duty, and CET Levies recorded decreases during the same period.

This distribution marks the third consecutive month of declining disbursements to the three tiers of government, highlighting fluctuations in revenue generation and allocation.