FG, States, LGs Shared ₦1.7 Trillion In January

FG, States, LGs Shared ₦1.7 Trillion In January – FAAC - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › FG, States, LGs Shared ₦1.7 Trillion In January – FAAC (6961 Views)

FG, States, LGs Shared ₦1.7 Trillion In January – FAAC by Biodun556(op): 6:58pm On Feb 27, 2025

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/

4 Likes 2 Shares

Re: FG, States, LGs Shared ₦1.7 Trillion In January – FAAC by Biodun556(op): 6:58pm On Feb 27, 2025

The money will make sense as naira continues to gain strength

5 Likes

Re: FG, States, LGs Shared ₦1.7 Trillion In January – FAAC by icetyj37k: 7:13pm On Feb 27, 2025

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

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

7 Likes

Re: FG, States, LGs Shared ₦1.7 Trillion In January – FAAC by Biodun556(op): 7:38pm On Feb 27, 2025

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

10 Likes

Re: FG, States, LGs Shared ₦1.7 Trillion In January – FAAC by tunjijones(m): 7:48pm On Feb 27, 2025

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

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

18 Likes 4 Shares

Re: FG, States, LGs Shared ₦1.7 Trillion In January – FAAC by inoki247: 7:48pm On Feb 27, 2025

Lol

Re: FG, States, LGs Shared ₦1.7 Trillion In January – FAAC by Gotocourt: 7:48pm On Feb 27, 2025

Re: FG, States, LGs Shared ₦1.7 Trillion In January – FAAC by PheelzAlmighty: 7:48pm On Feb 27, 2025

And as usual.....

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

4 Likes

Re: FG, States, LGs Shared ₦1.7 Trillion In January – FAAC by Raph82(m): 7:49pm On Feb 27, 2025*

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

2 Likes

Re: FG, States, LGs Shared ₦1.7 Trillion In January – FAAC by CodeTemplar: 7:49pm On Feb 27, 2025

Mad figures.

1 Like

Re: FG, States, LGs Shared ₦1.7 Trillion In January – FAAC by CodeTemplar: 7:50pm On Feb 27, 2025

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.

1 Like 1 Share

Re: FG, States, LGs Shared ₦1.7 Trillion In January – FAAC by makavalley(m): 7:50pm On Feb 27, 2025

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

5 Likes

Re: FG, States, LGs Shared ₦1.7 Trillion In January – FAAC by eskuvoisrael(m): 7:50pm On Feb 27, 2025

Give us proof

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

Re: FG, States, LGs Shared ₦1.7 Trillion In January – FAAC by givedemwotowoto: 7:52pm On Feb 27, 2025

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

2 Likes 1 Share

Re: FG, States, LGs Shared ₦1.7 Trillion In January – FAAC by Angelfrost(m): 7:53pm On Feb 27, 2025

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.

7 Likes

Re: FG, States, LGs Shared ₦1.7 Trillion In January – FAAC by CodeTemplar: 7:54pm On Feb 27, 2025

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.

1 Like

Re: FG, States, LGs Shared ₦1.7 Trillion In January – FAAC by Zico5(m): 7:54pm On Feb 27, 2025

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.

1 Like 2 Shares

Re: FG, States, LGs Shared ₦1.7 Trillion In January – FAAC by CodeTemplar: 7:54pm On Feb 27, 2025*

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)

1 Like

Re: FG, States, LGs Shared ₦1.7 Trillion In January – FAAC by ivandragon: 7:55pm On Feb 27, 2025*

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...

2 Likes 1 Share

Re: FG, States, LGs Shared ₦1.7 Trillion In January – FAAC by Miramonica: 7:56pm On Feb 27, 2025

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

1 Like 1 Share

Re: FG, States, LGs Shared ₦1.7 Trillion In January – FAAC by wellmax(m): 7:59pm On Feb 27, 2025

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

Less focus on the center

1 Like

Re: FG, States, LGs Shared ₦1.7 Trillion In January – FAAC by idanone(m): 8:09pm On Feb 27, 2025

Re: FG, States, LGs Shared ₦1.7 Trillion In January – FAAC by Unitedplc: 8:11pm On Feb 27, 2025

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...

Re: FG, States, LGs Shared ₦1.7 Trillion In January – FAAC by symbianDON(m): 8:16pm On Feb 27, 2025

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

1 Like 1 Share

Re: FG, States, LGs Shared ₦1.7 Trillion In January – FAAC by Ex0rrcist: 8:18pm On Feb 27, 2025

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

Re: FG, States, LGs Shared ₦1.7 Trillion In January – FAAC by Biodun556(op): 8:19pm On Feb 27, 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

1 Like

Re: FG, States, LGs Shared ₦1.7 Trillion In January – FAAC by osazsky(m): 8:20pm On Feb 27, 2025

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

1 Like

Re: FG, States, LGs Shared ₦1.7 Trillion In January – FAAC by Angelfrost(m): 8:23pm On Feb 27, 2025

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.

Re: FG, States, LGs Shared ₦1.7 Trillion In January – FAAC by Lanruze: 8:27pm On Feb 27, 2025

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...

Re: FG, States, LGs Shared ₦1.7 Trillion In January – FAAC by Biodun556(op): 8:37pm On Feb 27, 2025

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]

Re: FG, States, LGs Shared ₦1.7 Trillion In January – FAAC by Biodun556(op): 8:41pm On Feb 27, 2025

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

1 2 Reply

FG, States, LGs Shared ₦1.969 trillion In December 2025 Revenue • FG, States, LGs Shared ₦2.2 Trillion August Revenue – FAAC • FAAC Shares ₦786 Billion To FG, States, LGs • 2 • 3 • 4

Insecurity Affects 150 Million Nigerians, Threatens Agriculture – Ribadu • Modified • Graduate Employment Data 1983 - 1985 Under Buhari (pic)