The Federation Account Allocation Committee distributed N1.578 trillion to government entities for March 2025. Federal, state, and local government councils received revenue from multiple sources during the monthly allocation meeting in Abuja.
Statutory revenue totaled N931.325 billion, with value-added tax contributing N593.750 billion. Electronic Money Transfer Levy added N24.971 billion, and Exchange Difference revenue reached N28.711 billion. The total gross revenue for March 2025 came to N2.411 trillion.
The Federal Government received N528.696 billion from the total distributable revenue. State governments were allocated N530.448 billion, and local government councils got N387.002 billion. An additional N132.611 billion was shared among states as mineral revenue derivation.
Petroleum Profit Tax and Companies' Income Tax increased significantly compared to previous months. Oil and gas royalty, VAT, excise duty, import duty, and other levies decreased during the same period.
The allocation breakdown showed careful distribution across different government levels. Each tier received funds from various revenue streams, reflecting the complex financial mechanisms of national resource sharing.
Statutory revenue totaled N931.325 billion, with value-added tax contributing N593.750 billion. Electronic Money Transfer Levy added N24.971 billion, and Exchange Difference revenue reached N28.711 billion. The total gross revenue for March 2025 came to N2.411 trillion.
The Federal Government received N528.696 billion from the total distributable revenue. State governments were allocated N530.448 billion, and local government councils got N387.002 billion. An additional N132.611 billion was shared among states as mineral revenue derivation.
Petroleum Profit Tax and Companies' Income Tax increased significantly compared to previous months. Oil and gas royalty, VAT, excise duty, import duty, and other levies decreased during the same period.
The allocation breakdown showed careful distribution across different government levels. Each tier received funds from various revenue streams, reflecting the complex financial mechanisms of national resource sharing.
