Log in

Have no account yet? Sign up

Create an account

I read and accept the terms of use.

Already have an account? Log in

Reset password

Remember your password? Log in

Terms of use

Terms of use dolor sit amet consectetur, adipisicing elit. Recusandae provident ullam aperiam quo ad non corrupti sit vel quam repellat ipsa quod sed, repellendus adipisci, ducimus ea modi odio assumenda.

Disclaimers

Lorem ipsum dolor sit amet consectetur adipisicing elit. Sequi, cum esse possimus officiis amet ea voluptatibus libero! Dolorum assumenda esse, deserunt ipsum ad iusto! Praesentium error nobis tenetur at, quis nostrum facere excepturi architecto totam.

Lorem ipsum dolor sit amet consectetur adipisicing elit. Inventore, soluta alias eaque modi ipsum sint iusto fugiat vero velit rerum.

Limitation on Liability

Sequi, cum esse possimus officiis amet ea voluptatibus libero! Dolorum assumenda esse, deserunt ipsum ad iusto! Praesentium error nobis tenetur at, quis nostrum facere excepturi architecto totam.

Lorem ipsum dolor sit amet consectetur adipisicing elit. Inventore, soluta alias eaque modi ipsum sint iusto fugiat vero velit rerum.

Copyright Policy

Dolor sit amet consectetur adipisicing elit. Sequi, cum esse possimus officiis amet ea voluptatibus libero! Dolorum assumenda esse, deserunt ipsum ad iusto! Praesentium error nobis tenetur at, quis nostrum facere excepturi architecto totam.

Lorem ipsum dolor sit amet consectetur adipisicing elit. Inventore, soluta alias eaque modi ipsum sint iusto fugiat vero velit rerum.

General

Sit amet consectetur adipisicing elit. Sequi, cum esse possimus officiis amet ea voluptatibus libero! Dolorum assumenda esse, deserunt ipsum ad iusto! Praesentium error nobis tenetur at, quis nostrum facere excepturi architecto totam.

Lorem ipsum dolor sit amet consectetur adipisicing elit. Inventore, soluta alias eaque modi ipsum sint iusto fugiat vero velit rerum.

Do you agree to our terms? Sign up

Nigeria’s revenue drops N194.6bn in February – FAAC

Published on March 22, 2025 at 07:53 PM

Nigeria's Federation Account Allocation Committee, FAAC, revenue dropped by N194.664 billion in February.

According to the FAAC communiquÃ©, the federal government, states, and local government councils shared N1.678 trillion in revenue in February 2025.

The February revenue is lower than the N1.848 trillion received in January 2025. The federal government received N569.656 billion, while state governments received N562.195 billion. Local government councils received N410.559 billion, while N136.042 billion (13 per cent of mineral revenue) was allocated to benefiting states as derivation revenue.

The total distributable revenue of N1.678 trillion comprised distributable statutory revenue of N827.633 billion, distributable Value Added Tax, VAT, revenue of N609.430 billion, Electronic Money Transfer Levy, EMTL, revenue of N35.171 billion, solid minerals revenue of N28.218 billion, and an augmentation of N178 billion.

In February 2025, oil and gas royalty and EMTL increased significantly, while VAT, petroleum profit tax, PPT, companies income tax, CIT, excise duty, import duty, and CET levies recorded decreases.