Total FAAC revenue shared in Nigeria consistently grew year-on-year from February to June 2025, with increases ranging from 39% to 49%

Nigeria’s FAAC revenue increased 49% YoY in March 2025 (₦1.68T vs ₦1.12T in March 2024).
February 2025 saw a 48% increase YoY (₦1.70T vs ₦1.15T in February 2024).
April 2025 revenue rose by 41% YoY, moving from ₦1.12T in April 2024 to ₦1.58T.
January 2025 showed no YoY change, recording ₦1.42T in both 2024 and 2025.
The consistent growth in H1 2025 FAAC revenues signals improved government revenue mobilisation, better oil/non-oil collections, and higher capacity for states to meet obligations.

Nigeria’s Federation Account Allocation Committee (FAAC) revenue distribution has shown consistent year-on-year growth from February to June 2025, reflecting improved government revenue mobilisation and stronger inflows. Except for January, which saw no change, every month in H1 2025 posted a significant increase in shared revenue compared to the same period in 2024, with growth rates ranging from 39% to 49%. This consistent rise indicates stronger fiscal capacity to support federal, state, and local government operations amid economic challenges.

Source:

<div style="text-align: center;"><a href="https://intelpoint.co/insights/total-faac-revenue-shared-in-nigeria-consistently-grew-year-on-year-from-february-to-june-2025-with-increases-ranging-from-39-to-49/" title="Total FAAC revenue shared in Nigeria consistently grew year-on-year from February to June 2025, with increases ranging from 39% to 49%"><img src="https://intelpoint.co/wp-content/uploads/2025/07/total-faac-revenue-shared-by-the-nigerian-federal-state-and-local-governments-h1-2024-vs-h1-2025-687e2d6fda041-scaled.webp" style="width: 80%; height: auto; max-width:960px;-ms-interpolation-mode: bicubic; margin: 0 auto; display: block;" alt="Chart: Total FAAC revenue shared in Nigeria consistently grew year-on-year from February to June 2025, with increases ranging from 39% to 49%"/></a><br><span>Find more insights at <a href="https://intelpoint.co/insights?utm_source=Insight%20Embed&utm_medium=HTML&utm_campaign=Total+FAAC+revenue+shared+in+Nigeria+consistently+grew+year-on-year+from+February+to+June+2025%2C+with+increases+ranging+from+39%25+to+49%25" target="_blank" style="color: #4f9acc; text-decoration: none;">Intelpoint</a>.</span></div>Copied to clipboard!

Period:

HTML code to embed chart

Want a bespoke report?

Reach out

Related Insights

Internally Generated Revenue (IGR) constituted 61% of Lagos State’s Q1 2025 total receipts

Internally Generated Revenue (IGR) accounted for 61% of Lagos State’s Q1 2025 receipts.
VAT was the second-largest funding source, contributing 22%.
Loans made up 8% of total inflows for the quarter.
Opening balance accounted for 4%, indicating a moderate carryover from the previous year.

Nigeria's non-oil tax revenue solidified its dominance over oil in FIRS collections, reaching a record of ₦15.9t in 2024, more than 2.7x the ₦5.8t from oil

FIRS recorded ₦15.9 trillion of non-oil tax, almost three times the ₦5.8 trillion recorded for oil tax.
Non-oil tax revenue made up 73.3% of the total revenue collected in 2023.
From 2012 down to 2024, non-oil tax revenue surpassed oil tax revenue most of the time.
Oil taxes are petroleum profit tax and company income (oil & gas) tax while non-profit tax includes company income (non-oil) tax, gas tax, capital gains, stamp duty, NCS import VAT, and non-import VAT.

Nigeria's FIRS surpassed 2024 target as revenue soared 76% to a record ₦21.7 trillion

The FIRS collected ₦21.7 trillion, outpacing the target of ₦19.4 trillion set by the government.
FIRS grossed its highest revenue of all time since 2012 in 2024.
Comparing the values of 2021, 2022, 2023 and 2024 reveals a significant shift.
The tax revenue collected in 2024 surpassed the amount collected in 2023 by an outstanding 75.6%.

Non-oil company income tax and two other sources accounted for over 70% of Nigeria's tax revenue in 2024

Company Income Tax (Non-Oil) emerged as the largest contributor, accounting for over 30% of total tax revenue.
NCS-Import VAT followed closely, contributing 23.63%, emphasising the significance of import-related taxes to Nigeria's revenue.
Traditional oil-based taxes such as Petroleum Profit Tax/Hydrocarbon Tax and CIT (Oil & Gas) jointly contributed over 26%, showing that oil remains a vital but declining pillar.
Newer tax streams like the Electronic Money Transfer Levy and NASENI (National Agency for Science and Engineering Infrastructure) funding have emerged, but still make up less than 2% of total revenue.
Minor tax categories like Capital Gains Tax, NITDEF (National Information Technology Development Fund), and NPTFL (Nigeria Police Trust Fund) had negligible impact, each contributing less than 0.5%

Nigeria experienced substantial year-on-year declines in exchange rate gain revenue from April to June 2025, with decreases of 90%, 81%, and 85% respectively

Nigeria’s exchange rate gain revenue dropped by 73.2% in H1 2025 compared to H1 2024.
In April 2025, exchange rate gain fell by 90% year-on-year from ₦285.5B to ₦28.7B.
May saw an 81% drop, with revenue declining from ₦438.9B in 2024 to ₦81.4B in 2025.
January 2025 was the only month with a stable figure, matching January 2024’s ₦402.7B.
Exchange rate gain revenue for February and March 2025 was unavailable, likely worsening the total.
The first half of 2025 generated only ₦589.4B in FX gains, compared to ₦2.2T in the same period in 2024.

FAAC disburses ₦593 billion in derivation funds to nine states; Delta receives ₦193 billion (32.5%)

The Federation Account Allocation Committee (FAAC) has distributed a total of ₦593 billion as derivation funds to nine oil-producing states in Nigeria. These funds are part of the statutory allocation intended to support states with significant contributions to the country's oil revenue. Delta State emerged as the largest beneficiary, receiving ₦193 billion, which constitutes 32.5% of the total allocation.