By The Federation Accounts Allocation Committee (FAAC) has shared a total of N1.578 trillion to the federal, state, and local governments for March 2025. This is about N100 billion lower than what was shared in February, reflecting a slight drop of roughly 1.5 percent.
According to the breakdown from the FAAC meeting held in Abuja, the money was made up of N931.325 billion from statutory revenue, N593.750 billion from VAT, N24.971 billion from the electronic money transfer levy, and N28.711 billion from exchange rate differences.
A total of N2.411 trillion gross revenue came in for March, but after deductions like N85.376 billion for collection costs and N747.180 billion for refunds and interventions, N1.578 trillion was left for distribution.
Out of the total shared, the federal government received N528.696 billion, while states got N530.448 billion. The 774 local government areas received N387.002 billion, and N132.611 billion was paid to oil-producing states as their 13% derivation from mineral revenue.
The federal government also got N422.485 billion from statutory revenue, N89.063 billion from VAT, N3.746 billion from the electronic money transfer levy, and N13.402 billion from exchange differences. The states and LGAs received their shares across these categories too.
Despite the dip in total allocation compared to February, the Accountant General’s office noted a slight rise in gross statutory revenue, up by over N65 billion. However, the VAT collection for March dropped by N16.838 billion compared to the previous month.
