Nigeria’s Federation Account Allocation Committee (FAAC) recorded a N194.664 billion revenue decline in February 2025, marking a drop from the previous month’s figures.
According to FAAC’s communiqué, total revenue distributed among the federal, state, and local governments stood at N1.678 trillion, lower than the N1.848 trillion shared in January.
The February allocations were distributed as follows:
- Federal government: N569.656 billion
- State governments: N562.195 billion
- Local government councils: N410.559 billion
- Derivation revenue (13% of mineral revenue for oil-producing states): N136.042 billion
The total N1.678 trillion revenue pool was sourced from:
- Statutory revenue: N827.633 billion
- Value Added Tax (VAT) revenue: N609.430 billion
- Electronic Money Transfer Levy (EMTL) revenue: N35.171 billion
- Solid minerals revenue: N28.218 billion
- Augmentation fund: N178 billion
FAAC highlighted notable increases in oil and gas royalty and EMTL revenue, while other key revenue streams, including VAT, Petroleum Profit Tax (PPT), Companies Income Tax (CIT), excise duty, import duty, and Common External Tariff (CET) levies, recorded declines.d decreases.
