FAAC disburse ₦2.94 trillion to three tiers of government in June 2025

FAAC disburse ₦2.94 trillion to three tiers of government in June 2025

The National Bureau of Statistics (NBS) reports, the sum of ₦2.94 trillion was disbursed by the Federation Account Allocation Committee (FAAC) to the three tiers of government in June 2025.

The fund was disbursed from the total revenue generated in May 2025.

₦538.00 billion, ₦577.84 billion and ₦419.97 billion were allocated to the Federal, State and Local Governments respectively.

According to the NBS: “The Federation Account Allocation Committee (FAAC) disbursed the sum of ₦2.94 trillion to the three tiers of government in June 2025, from the total revenue generated in May 2025.

“The amount disbursed comprised:

• ₦2.09 trillion recorded from the Statutory Account.

• ₦76.61 billion from Exchange Gain.

• ₦28.82 billion from Electronic Money Transfer Levy (EMTL).

• ₦742.82 billion from Value Added Tax.

“The allocations to the three tiers of government for June 2025 were:

• Federal Government with a total of ₦538.00 billion.

• States with a total of ₦577.84 billion.

• Local Governments with a total of ₦419.97 billion.”

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