The Federation Account Allocation Committee has reported a further decline in monthly disbursements to the Federal Government, states, and local government councils, with a total of N1.578tn shared as March 2025 revenue.
This marks the third consecutive monthly drop in allocations this year, following N1.678tn shared in February and N1.703tn in January.
This was disclosed in a press statement issued on Tuesday by the Director of Press and Public Relations, Office of the Accountant General of the Federation, Bawa Mokwa, following the April FAAC meeting held in Abuja.
According to the statement, the N1.578tn shared was made up of N931.325bn from statutory revenue, N593.750bn from Value Added Tax, N24.971bn from the Electronic Money Transfer Levy, and N28.711bn from exchange difference revenue.
The statement read, “A total sum of N1.578tn, being March 2025 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils.
“The revenue was shared at the April 2025 Federation Account Allocation Committee meeting held in Abuja.” From the total distributable sum, the Federal Government received N528.696bn, while state governments received N530.448bn.
