• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

      Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

      EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences…

  • Fact-Check
  • Economy
    • Customs Partners US Mission to Prevent Expanded Visa Ban

      Nigeria Customs Partners China on Smarter Ports, Officer Training, Reforms

      Comptroller General Nigerian Customs Bashir Adewale

      Customs Moves Against 223 Importers in N379bn Permit Breach

      Bashir Adewale Adeniyi Customs Boss

      How Customs is Tightening Borders to Stop Illicit Cash Flows –…

      Customs boss, CGC Bashir Adewale Adeniyi with NAFDAC DG Professor Moji Adeyeye

      Codeine, Tramadol Worth ₦20.5bn Seized as Customs-NAFDAC Cooperation Deepens

  • National
    • Okello Oculi

      Okello Oculi: A Pan-Africanist Asteroid Burns out Forever By Is’haq Modibbo…

      Coordinated Security Efforts Making Nigeria Safer Under Tinubu’s Administration – NSA…

      Abike Dabiri CEO NIDCOM

      NiDCOM Urges Restraint as Ghanaians Protest Against Nigerians Over Alleged Crimes

      Minister of Information and National Orientation, Mohammed Idris, with the Minister of Foreign Affairs, Ambassador Yusuf Tuggar with the President of NIPR, Dr. Ike Neliaku during the unveiling of the National Reputation Management Group at Abuja on 15th October 2024.

      NRMG Charged to Lead Battle Against Fake News, Reframe Nigeria’s Image

      Police Officer

      Again, FCT Police Raid Criminal Hideouts, Arrest 66 Suspects

    • Government
      • nipr logo

        NIPR Slams Fake News Peddlers over Alleged Lafia Flyover Collapse

        Tinubu Offers Automatic Jobs, Gifts N250k to 210 Ex-Corpers

        Alhaji Ahmed Maiyaki, Commissioner of Information, Kaduna State

        Kaduna Governor Appoints Strategic Communicator, Ahmed Maiyaki as Information Commissioner

        Okello Oculi

        Okello Oculi: A Pan-Africanist Asteroid Burns out Forever By Is’haq Modibbo…

        Coordinated Security Efforts Making Nigeria Safer Under Tinubu’s Administration – NSA…

  • Security
    • Coordinated Security Efforts Making Nigeria Safer Under Tinubu’s Administration – NSA…

      3,000 Terrorists Killed, 120,000 Surrendered in Two Years — Defence Chief

      Police Officer

      Again, FCT Police Raid Criminal Hideouts, Arrest 66 Suspects

      Troops Avert Terrorists’ IED Attack in Borno

      Military Troops during operations

      Troops Eliminate Terrorists, Disrupt Logistics Supply in Borno

  • Features
    • Okello Oculi

      Okello Oculi: A Pan-Africanist Asteroid Burns out Forever By Is’haq Modibbo…

      Leon Usigbe

      Death, you can’t be Proud of this By Abdulrahman Abdulraheem 

      Tinubu’s Plateau Gambit – Yilwatda, 2027, and the Return of the…

      Ozumi and a recipient of a wheelchair

      Wheels of Hope: How a Simple Gift is Reshaping Lives at…

      Late Ex-President Muhammadu Buhari and Mansur Liman

      “Buhari: A Blunt, Honest Leader Who Laughed at His Own Predicament”

  • State
    • nipr logo

      NIPR Slams Fake News Peddlers over Alleged Lafia Flyover Collapse

      Alhaji Ahmed Maiyaki, Commissioner of Information, Kaduna State

      Kaduna Governor Appoints Strategic Communicator, Ahmed Maiyaki as Information Commissioner

      Kaduna State Governor, Uba Sani

      Gov Sani sacks Commissioner, Announces New Appointment

      ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

      United Nations Secretary-General António Guterres

      Palestinian Statehood Is a Right, Not a Privilege – UN Boss,…

  • Event
    • Founder Image Merchant Promotion Ltd, Yushau Shuaib, Nigeria Customs CG, CGC Bashir Adewale Adeniyi and the IPRA representative during the 2024 GWA awards in Belgrade, Serbia

      IPRA Celebrates 70th Anniversary, Hosts 2025 Golden World Awards in Ghana

      IMPR Interns

      Unpacking Dr. Fatima Binta’s NIPR Vision: A Candid Chat with PRNigeria…

      Dr. Ahmadu Fatimah Binta

      Beyond the Clinic: Dr. Fatimah Binta Reveals PR’s Impact on Medicine

      FGC Yauri schoolgirls

      Kidnapped FGC Yauri Schoolgirls Defy Odds, Graduate with Distinction from Top…

      Super Falcons wins WAFCON Trophy

      VON Apologizes for Erroneous WAFCON Report, Cites Possible Security Breach, Identifies…

    • PR Nigeria Award
  • E-Paper
Home Economy FG, States, LGAs Share N1.659trn Revenue in May 2025 – FAAC
  • Economy
  • National

FG, States, LGAs Share N1.659trn Revenue in May 2025 – FAAC

By
Prnigeria
-
June 19, 2025

FG, States, LGAs Share N1.659trn Revenue in May 2025 – FAAC

The Federation Account Allocation Committee (FAAC), at its June 2025 meeting chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, shared a total sum of N1.659 Trillion to the three tiers of government as Federation Allocation for the month of May 2025 from a gross total of N2.942 Trillion.

From the stated amount inclusive of Gross Statutory Revenue, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL) and Exchange Difference, the Federal Government received N538.004 Billion, the States received N577.841Billion, the Local Government Councils got N419.968 Billion, while the Oil Producing States received N124.076 Billion as Derivation, (13% of Mineral Revenue).

The sum of N111.908 Billion was given for the cost of collection, while N1.171 Trillion was allocated for Transfers Intervention and Refunds.

The Communique issued by the Federation Account Allocation Committee (FAAC) at the end of the meeting indicated that the Gross Revenue available from the Value Added Tax (VAT) for the month of May 2025, was N742.820 Billion as against N642.265 Billion distributed in the preceeding month, resulting in an increase of N100.555 Billion.

From that amount, the sum of N29.713 Billion was allocated for the cost of collection and the sum of N21.393 Billion given for Transfers, Intervention and Refunds. The remaining sum of N691.714 Billion was distributed to the three tiers of government, of which the Federal Government got N103.757 Billion, the States received N345.857 Billion and Local Government Councils got N242.100 Billion.

Accordingly, the Gross Statutory Revenue of N2.094 Trillion received for the month was higher than the sum of N2.084 Trillion received in the previous month by N10.023 Billion. From the stated amount, the sum of N81.042 Billion was allocated for the cost of collection and a total sum of N1.149 Trillion for Transfers, Intervention and Refunds.

Read Also:

  • NIPR Slams Fake News Peddlers over Alleged Lafia Flyover Collapse
  • Tinubu Offers Automatic Jobs, Gifts N250k to 210 Ex-Corpers
  • Kaduna Governor Appoints Strategic Communicator, Ahmed Maiyaki as Information Commissioner

The remaining balance of  N863.895 Billion was distributed as follows to the three tiers of government: Federal Government got the sum of N393.518 Billion, States received N199.598 Billion, the sum of N153.881 Billion was allocated to LGCs and N116.898 Billion was given to Derivation Revenue (13% Mineral producing States).

Also, the sum of N28.820 Billion from Electronic Money Transfer Levy (EMTL) was distributed to the three (3) tiers of government as follows: the Federal Government received N4.150 Billion, States got N13.833 Billion, Local Government Councils received N9.683 Billion, while N1.153 Billion was allocated for Cost of Collection.

The Communique also mentioned the sum of N76.614 Billion from Exchange Difference which was distributed to the three tiers of Government as follows: Federal government got N36.579 Billion, the State received N18.553 Billion, the LGCs got N14.304 Billion, while the Oil producing States received N7.178 Billion.

Companies Income Tax (CIT), Value Added Tax (VAT) and Import Duty increased significantly, while Petroleum Profit Tax (PPT), CET levies, Oil and Gas Royalty and Electronic Money Transfer Levy (EMTL) recorded decreases. Excise Duty increased only marginally.

According to the Communique, the total revenue distributable for the current month of May 2025, was drawn from Statutory Revenue of N863.895 Billion, Value Added Tax (VAT) of N691.714 Billion, N27.667 Billion from Electronic Money Transfer Levy (EMTL) and the sum of N76.614 Billion from Exchange Difference, bringing the total distributable amount for the month to N1.659 Trillion.

Earlier in his opening remarks, the Honourable Minister of Finance and Coordinating Minister of the Economy Mr. Wale Edun emphasized the importance of transparency, accountability, and prudent fiscal management in revenue allocation processes.

He commended the FAAC members’ commitment in the realization of this policy objectives of government,
stating that the collective efforts aim to drive economic growth, stability, and development across all regions, ensuring resources are utilized effectively for the benefit of all Nigerians.

 

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • faac
  • May
  • Revenue
Previous articleNPTF Commissions Smart Police Headquarters in Ebonyi State
Next articleTinubu Directs Security Forces to Arrest Perpetrators of Benue Killings
Prnigeria
Prnigeria

RELATED ARTICLESMORE FROM AUTHOR

Customs Partners US Mission to Prevent Expanded Visa Ban

Okello Oculi

Okello Oculi: A Pan-Africanist Asteroid Burns out Forever By Is’haq Modibbo Kawu

Coordinated Security Efforts Making Nigeria Safer Under Tinubu’s Administration – NSA Ribadu

Abike Dabiri CEO NIDCOM

NiDCOM Urges Restraint as Ghanaians Protest Against Nigerians Over Alleged Crimes

Minister of Information and National Orientation, Mohammed Idris, with the Minister of Foreign Affairs, Ambassador Yusuf Tuggar with the President of NIPR, Dr. Ike Neliaku during the unveiling of the National Reputation Management Group at Abuja on 15th October 2024.

NRMG Charged to Lead Battle Against Fake News, Reframe Nigeria’s Image

Police Officer

Again, FCT Police Raid Criminal Hideouts, Arrest 66 Suspects

IMPR Interns

Unpacking Dr. Fatima Binta’s NIPR Vision: A Candid Chat with PRNigeria Interns

Dr. Ahmadu Fatimah Binta

Beyond the Clinic: Dr. Fatimah Binta Reveals PR’s Impact on Medicine

FGC Yauri schoolgirls

Kidnapped FGC Yauri Schoolgirls Defy Odds, Graduate with Distinction from Top Northern School

Officers of NSCDC Mining Marshals

‎NSCDC Mining Marshals Seal Illegal Lithium Site in Kebbi, Allege ₦1.43trn Mineral Theft

NAF Air Personnel

NAF ‘Rattles’ ISWAP Terrorists with Decisive Blow in Lake Chad Region

Department of State Security Service DSS

Army, DSS-Backed Hybrid Forces Neutralize 45 Bandits in Niger Operation

Recent Posts

  • NIPR Slams Fake News Peddlers over Alleged Lafia Flyover Collapse
  • Tinubu Offers Automatic Jobs, Gifts N250k to 210 Ex-Corpers
  • Kaduna Governor Appoints Strategic Communicator, Ahmed Maiyaki as Information Commissioner
  • Customs Partners US Mission to Prevent Expanded Visa Ban
  • Okello Oculi: A Pan-Africanist Asteroid Burns out Forever By Is’haq Modibbo Kawu
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
NIPR Slams Fake News Peddlers over Alleged Lafia Flyover CollapseTinubu Offers Automatic Jobs, Gifts N250k to 210 Ex-CorpersKaduna Governor Appoints Strategic Communicator, Ahmed Maiyaki as Information CommissionerCustoms Partners US Mission to Prevent Expanded Visa BanOkello Oculi: A Pan-Africanist Asteroid Burns out Forever By Is'haq Modibbo KawuCoordinated Security Efforts Making Nigeria Safer Under Tinubu's Administration - NSA RibaduGov Sani sacks Commissioner, Announces New AppointmentICPC Secures Conviction of Rector for Running Unaccredited Degree ProgrammesPalestinian Statehood Is a Right, Not a Privilege - UN Boss, GuterresNiDCOM Urges Restraint as Ghanaians Protest Against Nigerians Over Alleged Crimes3,000 Terrorists Killed, 120,000 Surrendered in Two Years — Defence ChiefNRMG Charged to Lead Battle Against Fake News, Reframe Nigeria’s ImageAgain, FCT Police Raid Criminal Hideouts, Arrest 66 SuspectsTroops Avert Terrorists’ IED Attack in BornoTroops Eliminate Terrorists, Disrupt Logistics Supply in Borno
X whatsapp