By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: FG, States, LGs Share ₦1.678trn February Revenue as FAAC Meets
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | FG, States, LGs Share ₦1.678trn February Revenue as FAAC Meets

News

FG, States, LGs Share ₦1.678trn February Revenue as FAAC Meets

Olaitan Sodiq
Olaitan Sodiq
Published: June 15, 2025
Last updated: June 15, 2025
2 Min Read
Share
FG, States, LGs Share ₦1.678trn February Revenue as FAAC Meets | Daily Report Nigeria
SHARE
  • FAAC has shared a total sum of ₦1.678 trillion, representing the February 2025 Federation Account Revenue, to the Federal, State, and Local Governments.

  • The revenue was distributed at the March 2025 FAAC meeting held in Abuja, which was chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun.

  • The total distributable revenue comprised distributable statutory revenue, distributable Value Added Tax (VAT) revenue, Electronic Money Transfer Levy (EMTL) revenue.

The Federation Account Allocation Committee (FAAC) has shared a total sum of ₦1.678 trillion, representing the February 2025 Federation Account Revenue, to the Federal, State, and Local Governments.

The revenue was distributed at the March 2025 FAAC meeting held in Abuja, which was chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun.

According to a communiqué issued by FAAC, the total distributable revenue comprised distributable statutory revenue of ₦827.633 billion, distributable Value Added Tax (VAT) revenue of ₦609.430 billion, Electronic Money Transfer Levy (EMTL) revenue of ₦35.171 billion, Solid Minerals revenue of ₦28.218 billion, and Augmentation of ₦178 billion.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

READ ALSO: Rivers Emergency Rule: FG Deploys 10,000 Troops, Opposition Kicks

The communiqué stated that a total gross revenue of ₦2.344 trillion was available for the month of February 2025.

The total deduction for cost of collection was ₦89.092 billion, while total transfers, interventions, refunds, and savings amounted to ₦577.097 billion.

FAAC: FG, States, LGAs Share N1.703 Trillion January 2025 Revenue

The Federal Government, States, and Local Government Councils have shared a total of N1.703 trillion from the Federation Account revenue for January 2025.

This figure represents a notable 19.6% increase, or N279 billion, compared to the N1.424 trillion shared from December 2024 revenue.

Continue Reading Here

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:FAAC allocationTop Stories
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

Liverpool to Pay Diogo Jota’s Salary to Family Until 2027 | Daily Report Nigeria
Liverpool to Pay Diogo Jota’s Salary to Family Until 2027
Sports
Burnley Sign Kyle Walker from Man City for £5M | Daily Report Nigeria
Burnley Sign Kyle Walker from Man City for £5M
Sports
Nigeria's Oil Production Jumps to 1.7m bpd as Tantita Intensifies Fight Against Oil Theft
Urhobo Communities Back Tantita Security, Reject UPU Call for Withdrawal
News
Nigeria's Osayi-Samuel Joins Birmingham City on Three-Year Deal | Daily Report Nigeria
Nigeria’s Osayi-Samuel Joins Birmingham City on Three-Year Deal
Sports
NLC: Banks Declare Nationwide Strike
Banks Resume International Transactions on Naira Cards After Three-Year Suspension
Business

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

None of Our 'Prophets' Predicted Fuel Scarcity, Russian-Ukraine war – Shehu Sani | Daily Report Nigeria
News

None of Our ‘Prophets’ Predicted Fuel Scarcity, Russian-Ukraine war – Shehu Sani

June 15, 2025
How I’ll Make NIPOST Commerce, Logistics Hub Globally in Four Years – Odeyemi | Daily Report Nigeria
News

How I’ll Make NIPOST Commerce, Logistics Hub Globally in Four Years – Odeyemi

June 15, 2025
Collapsed Building: Tenants Ignored Evacuation Notice – Caretaker | Daily Report Nigeria
Metro

Collapsed Building: Tenants Ignored Evacuation Notice – Caretaker

June 1, 2025
Pastor Giwa Tells Religious Leaders Focus More on Salvation Instead of Tithing | Daily Report Nigeria
News

Pastor Giwa Tells Religious Leaders Focus More on Salvation Instead of Tithing

June 15, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?