The Federation Account Allocation Committee has shared a total of N1.578tn among the three tiers of government for March 2025, marking the third consecutive monthly decline in revenue disbursements this year.
This was disclosed in a statement on Tuesday by the Director of Press and Public Relations, Office of the Accountant General of the Federation, Bawa Mokwa, after the April FAAC meeting in Abuja.
The statement read, “A total sum of N1.578tn, being March 2025 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils.
“The revenue was shared at the April 2025 Federation Account Allocation Committee meeting held in Abuja.”
From the total distributable sum, the Federal Government received N528.696bn, while state governments received N530.448bn.
The local government councils got N387.002bn, while N132.611bn was distributed to oil-producing states as 13 per cent derivation revenue.