The Federation Account Allocation Committee (FAAC) has announced that the Federal Government, states, and local government councils shared a total of N2.225 trillion as revenue for August 2025. The figure represents an increase of N224.1 billion or 11.2 percent compared to the N2.001 trillion shared in July.
A statement issued on Wednesday by Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant General of the Federation, said the revenue allocation was finalized at the FAAC meeting held in Abuja. The latest disbursement marks the third consecutive month of growth in revenue shared among the three tiers of government.
According to the breakdown, the distributable amount comprised N1.478 trillion from statutory revenue, N672.90 billion from Value Added Tax (VAT), N32.34 billion from the Electronic Money Transfer Levy (EMTL), and N41.28 billion from Exchange Difference.
From the statutory revenue, the Federal Government received N684.46 billion, states N347.17 billion, local governments N267.65 billion, while oil-producing states got N179.31 billion as 13 percent derivation. Out of VAT proceeds, the Federal Government received N100.94 billion, states N336.45 billion, and councils N235.52 billion.
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The EMTL was shared with the Federal Government receiving N4.85 billion, states N16.17 billion, and local governments N11.32 billion. From the exchange difference, the Federal Government got N19.80 billion, states N10.04 billion, local governments N7.74 billion, while N3.70 billion was allocated to oil-producing states.
FAAC disclosed that gross statutory revenue for August stood at N2.84 trillion, lower than July’s N3.07 trillion, while VAT collections rose to N722.62 billion from N687.94 billion in the previous month.
The statement noted that oil and gas royalties, VAT, and CET levies recorded gains, while receipts from Petroleum Profit Tax, Import Duty, Companies Income Tax, Excise Duty, and EMTL declined.
