Group hails historic Q3 2025 FAAC disbursement to all tiers of government

The Tinubu Media Volunteers (TMV) has applauded the unprecedented Federation Account Allocations under the President Bola Tinubu administration in the aftermath of a new report on disbursements from the federation account.

In a statement signed by its Chairman, Chukwudi Enekwechi, and Secretary, Segun Ogedengbe, TMV noted that it has led to accelerated development in all sectors of the economy, both at the federal and sub-national levels.

The statement reads, “We note that based on the analysis of the allocations by the Nigeria Extractive Industries Initiative (NEITI), the disbursements in Q3 2025 are put at a record N6 trillion.

“This is record-breaking in federal allocations and has tremendously improved the revenue capacity of the sub-nationals, and consequently led to improved infrastructure delivery and development in other sectors.

“It is also noted that the N6 trillion included the 13 per cent derivation funds to the benefitting states and year-on-year quarterly allocations in 2025, which rose by 55.6 per cent compared with Q3 of 2024, doubling the allocations over two years.

“From the available statistics, the federal government received N2.19 trillion, while the states got N1.97 trillion, and the local governments received N1.45 trillion.
“Further analysis shows that statutory revenues accounted for 62 per cent of shared receipts, while Value Added Tax (VAT) was 34 per cent, and Electronic Money Transfer Levy and augmentation from non-oil excess revenue accounted for 2 per cent respectively.

“The allocations to the 36 states include revenues from statutory sources, VAT, EMTL and ecological funds, while an additional N100 billion non-oil augmentation from the excess revenue account was also shared with the states.

“Based on the foregoing, we are glad to assert that the bold reforms embarked upon by President Bola Tinubu at the inception of the administration, such as the fuel subsidy removal, have tremendously improved the revenue status of the three tiers of government and consequently increased the tempo of development across the states and in all the sectors.”

The group is convinced that continuous improvement in allocations to all tiers of government will ultimately lead to the availability of jobs and stimulation of the economy, as well as infrastructural development.