FG, states, LGCs share N1.578 trillion in March 2025 FAAC allocation

The Federation Account Allocation Committee has distributed a total sum of N1.578 trillion to the three tiers of government as Federation Allocation for March 2025.

This allocation is drawn from a gross total of N2.411 trillion.

The Federal Government received N528.696 billion, while the states got N530.448 billion and Local Government Councils received N387.002 billion.

The Oil Producing States received N132.611 billion as Derivation.

The Gross Statutory Revenue of N1.718 trillion received for the month was higher than the sum of N1.653 trillion received in the previous month by N65.422 billion.

The Value Added Tax revenue decreased by N16.838 billion to N637.618 billion.

Petroleum Profit Tax and Companies Income Tax increased considerably, while Oil and Gas Royalty, VAT, Electronic Money Transfer Levy, Excise Duty, Import Duty, and CET Levies recorded decreases.

The total revenue distributable for March 2025 was N1.578 trillion.