In February 2025, the Federation Account Allocation Committee (FAAC) distributed approximately ₦1.7 trillion among the federal, state, and local governments. This allocation was finalized during the March 2025 FAAC meeting in Abuja, chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun.

The total distributable revenue of ₦1.678 trillion comprised:

• Statutory revenue: ₦827.633 billion

• Value Added Tax (VAT): ₦609.430 billion

• Electronic Money Transfer Levy (EMTL): ₦35.171 billion

• Solid Minerals revenue: ₦28.218 billion​

• Augmentation: ₦178 billion​

Distribution details are as follows:​

• Federal Government: ₦569.656 billion​

• State Governments: ₦562.195 billion​

• Local Government Councils: ₦410.559 billion​

• Derivation revenue (13% of mineral revenue): ₦136.042 billion to benefiting states​

Comparing month-over-month figures, gross statutory revenue in February 2025 was ₦1.653 trillion, a decrease of ₦194.664 billion from January 2025's ₦1.848 trillion. Similarly, VAT revenue dropped by ₦117.430 billion, from ₦771.886 billion in January to ₦654.456 billion in February.

Notably, Oil and Gas Royalty and EMTL revenues experienced significant increases, while VAT, Petroleum Profit Tax (PPT), Companies Income Tax (CIT), Excise Duty, Import Duty, and CET Levies saw declines during this period.