₦airaland Forum

FAAC said the ₦1.703 trillion total revenue comprised statutory revenue of ₦749.727 billion, and Value Added Tax revenue of ₦718.781 billion.

A total sum of ₦ 1.703 trillion, being January 2025 Federation Account Revenue, has been shared with the Federal Government, states, and local government Councils.

This is according to a statement on Thursday by the Director of Press and Public Relations, Office of the Accountant General of the Federation, Bawa Mokwa.

Mokwa said that the revenue was shared at the February Federation Account Allocation Committee meeting on Thursday in Abuja.

Meanwhile, a communiqué from the FAAC meeting said that the ₦1.703 trillion total revenue comprised statutory revenue of ₦749.727 billion, and Value Added Tax revenue of ₦718.781 billion.

It also comprised Electronic Money Transfer Levy revenue of ₦20.548 billion and Augmentation of ₦214 billion.

The communiqué indicated that a total gross revenue of ₦2.641 trillion was available in January 2025.

It said that the total deduction for the cost of collection was ₦107.786 billion while total transfers, interventions, and refunds were N830.663 billion.

“Gross statutory revenue of ₦1.848 trillion was received for the month of January 2025. This was higher than the sum of ₦1.226 trillion received in the month of December 2024 by ₦622.125 billion,” the statement read.

“Gross revenue of ₦771.886 billion was available from the Value Added Tax (VAT) in January 2025. This was higher than the ₦649.561 billion available in the month of December 2024 by ₦122.325 billion.”

The communiqué said that from the N1.703 trillion total distributable revenue, the Federal Government received the total sum of N552.591 billion, while the state governments received the sum of N590.614 billion.

It said that the LGCs received ₦434.567 billion, and a total sum of ₦125.284 billion (13 per cent of mineral revenue) was shared to the benefiting states as derivation revenue.

“On the ₦749.727 billion distributable statutory revenue, the Federal Government received ₦343.612 billion and the state governments received ₦174.285 billion.

https://www.channelstv.com/2025/02/27/fg-states-lgs-shared-%e2%82%a61-7trn-in-january-faac/

The money will make sense as naira continues to gain strength

This is great. FG should keep the good work going.

CC: SerpentAWOLOWO, NGArmyTerrorist, Ublaize, gidgiddy, Killerofpigs, Bobloco, Dalohad, Odin13

icetyj37k:
This is great. FG should keep the good work going.

CC: SerpentAWOLOWO, NGArmyTerrorist, Ublaize, gidgiddy, Killerofpigs, Bobloco, Dalohad, Odin13

The governors will pocket the money and still complain

Monies that didn't improve the standard of living of Nigerian.

The governors are the worst set of politicians. Very greedy and heartless.

Lol

And as usual.....




aLOOTa Continua 🤡
Everybody wan join politics by fire by force 😂😂

There's something wrong somewhere. This huge amount, yet there's no positive impact in the lives of the citizens.

Mad figures.

tunjijones:
Monies that didn't improve the standard of living of Nigerian.

The governors are the worst set of politicians. Very greedy and heartless.

The governors are like gang leader and each state is like a gang. The FG is like a conglomeration of gangs who cunningly agree to share the resource of the richest gang. The leaders of the rich gangs dont mind as long as they are eating fat.

Go and meet your State Gov. And LG chairman o . Hold them accountable

Give us proof

I give sure odds @ good price
Just give it a try
Chat me on Whatsapp

tunjijones:
Monies that didn't improve the standard of living of Nigerian.

The governors are the worst set of politicians. Very greedy and heartless.

But in 2015 the problem was GEJ right? Agbadorians

The question many of you will never bother asking is...

What exactly do these states do with these monthly allocations?!!


All you guys do is abuse Tinubu from morning till night.

eskuvoisrael:
Give us proof

I give sure odds @ good price
Just give it a try
Chat me on Whatsapp

pay for legit ads on Nairaland if your odds are truly sure.

Sharing this humogous amount while the masses are groining under hardships and they are still gearing up to tax again. Tinubu is truly a very wicked person who only care about himself. If someone could tell me he will be this insensitive and calous even in the beginning of his government I would say over my dead body.
Tell me one benefit of this money to the welfare and goodwill of the masses.

Angelfrost:
The question many of you will never bother asking is...

What exactly do these states do with these monthly allocations?!!


All you guys do is abuse Tinubu from morning till night.

...especially those who dont contribute much.

They pay salaries(mostly to idlers)
Build fancy stuffs like fun city, malls, theatre, state houses, bustops that gets dominated by Gala sellers.
Flyover constructions
Hajj subsidy
Airports thats largely idle n unproductive
Ramadan fast
Street lights
Mosque construction
Food handouts
Some classrooms(good)
Some roads(good)

Hmm...

In January 2014, FAAC shared N630b which was equivalent to $2b...

In February 2025, FAAC shared N1.8trn which is equivalent to $1.2b...

Make of that what you will...

That means alert go drop today or latest tomorrow...

Hold your state governors and LG chairs accountable. They have money

Less focus on the center

R

It's high time we start holding State Governors accountable.
Some of them are owing salaries, pensions and gratuity.
They're hiding under the poor economic policies of the FG to stéal public funds with reckless abandon...

Raph82:
There's something wrong somewhere. This huge amount, yet there's no positive impact in the lives of the citizens.

the money looks humongous but the value is small

ivandragon:
Hmm...

In January 2014, FAAC shared N630b which was equivalent to $2b...

In February 2025, FAAC shared N1.8trn which is equivalent to $120m...

Make of that what you will...

While I get your point, your calculation is off by a zero. N1.8trn is $1.2bn in Feb 2025

Raph82:
There's something wrong somewhere. This huge amount, yet there's no positive impact in the lives of the citizens.

Governors

Their job is the easiest in the world. They collect FAAC, convert it to dollar, steal then blame FG

wellmax:
Hold your state governors and LG chairs accountable. They have money

Less focus on the center

but in 2015 u held gej accountable then the prob was at the centre idiot

CodeTemplar:
...especially those who dont contribute much.

They pay salaries(mostly to idlers)
Build fancy stuffs like fun city, malls, theatre, state houses, bustops that gets dominated by Gala sellers.
Flyover constructions
Hajj subsidy
Airports thats largely idle n unproductive
Ramadan fast
Street lights
Mosque construction
Food handouts
Some classrooms(good)
Some roads(good)

Nigerian states are so badly and poorly governed, they will constantly retard the nation's growth significantly.

You are one of the most sensible observers on Nairaland.

Once the Tax reform bills is passed, this figure will progressively double. That's when the real work commenced.

This one is just a result of the devaluation.

ivandragon:
Hmm...

In January 2014, FAAC shared N630b which was equivalent to $2b...

In February 2025, FAAC shared N1.8trn which is equivalent to $120m...

Make of that what you will...

Lanruze:
You are one of the most sensible observers on Nairaland.

Once the Tax reform bills is passed, this figure will progressively double. That's when the real work commenced.

This one is just a result of the devaluation.

He is lying


1.7 trillion was never up to a billion dollars, not even in 2019[/quote]

symbianDON:
the money looks humongous but the value is small

1.2 billion dollars is not small. But the money would make more sense if naira add value