The Federation Account Allocation Committee (FAAC) has disbursed N1.659 trillion as revenue generated in May 2025 to the Federal Government, State Governments, and Local Government Areas. The revenue was shared during the June 2025 FAAC meeting held in Abuja.
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 (EMTL) revenue of N27.667 billion and Exchange Difference revenue of N76.614 billion.
A communiqué issued by FAAC stated that 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 was N1.171 trillion.
According to the communiqué, gross statutory revenue of N2.094 trillion was received for the month of May 2025. This was higher than the sum of N2.084 trillion received in the month of April 2025 by N10.023 billion. Gross revenue of N742.820 billion was available from the Value Added Tax (VAT) in May 2025. This was higher than the N642.265 billion available in the month of April 2025 by N100.555 billion.
