Ondopress
The Federation Account Allocation Committee (FAAC) has shared a total sum of N1.818 trillion among the Federal Government, 36 states, and 774 local government councils as revenue for the month of June 2025.
The disbursement was confirmed by the Office of the Accountant General of the Federation following the FAAC meeting held in Abuja on Thursday.
According to the breakdown, the gross statutory revenue for the month stood at N3.485 trillion, marking a significant increase of N1.390 trillion from the N2.094 trillion recorded in May 2025.
However, revenue from Value Added Tax (VAT) witnessed a decline, falling from N742.820 billion in May to N678.165 billion in Juneβa shortfall of N64.655 billion.
The revenue report also noted appreciable increases in Companies Income Tax (CIT), Petroleum Profit Tax (PPT), and the Electronic Money Transfer Levy (EMTL).
Conversely, there were drops in revenue generated from oil and gas royalties, import duties, excise duties, VAT, and Common External Tariff (CET) levies.
FAAC reiterated its commitment to ensuring equitable distribution of national revenue among the three tiers of government in line with constitutional provisions.