FG, States, LGs Share N2.2tn August Revenue — FAAC
The Federation Account Allocation Committee (FAAC) announced on Wednesday that the Federal Government, states, and local government councils shared a total of N2.225 trillion in revenue for August 2025. This represents an increase of N224.12 billion or 11.2 percent compared to the N2.001 trillion distributed in July.
According to a statement from the Office of the Accountant General of the Federation, signed by the Director of Press and Public Relations, Bawa Mokwa, the allocation followed the FAAC meeting held in Abuja. “A total sum of N2.225tn, being the August 2025 Federation Account Revenue, has been shared among the Federal Government, states, and local government councils,” the statement read. The PUNCH observed that this marked the third consecutive month of growth in the amount distributed.
The total distributable revenue of N2.225tn comprised statutory revenue of N1.478tn, Value Added Tax (VAT) revenue of N672.903bn, Electronic Money Transfer Levy (EMTL) revenue of N32.338bn, and an Exchange Difference of N41.284bn. Gross revenue available in August stood at N3.635tn. From this amount, N124.839bn was deducted as the cost of revenue collection, while N1.285tn was allocated to transfers, interventions, refunds, and savings.
From the N1.478tn statutory revenue, the Federal Government received N684.462bn, states got N347.168bn, and local government councils received N267.652bn. Oil-producing states received N179.311bn as 13 percent derivation revenue. Out of the VAT revenue of N672.903bn, the Federal Government got N100.935bn, states received N336.452bn, and local governments received N235.516bn. For the N32.338bn generated from EMTL, the Federal Government received N4.851bn, states got N16.169bn, and local governments received N11.318bn. From the N41.284bn realized as Exchange Difference, the Federal Government received N19.799bn, states got N10.042bn, local governments received N7.742bn, while oil-producing states received N3.701bn as derivation revenue.
The statement noted that gross statutory revenue for August was N2.838tn, lower than the N3.070tn recorded in July, representing a decline of N231.913bn. In contrast, gross VAT revenue for August stood at N722.619bn, higher than the N687.940bn recorded in July, reflecting an increase of N34.679bn. It also noted that while oil and gas royalties, VAT, and Common External Tariff (CET) levies recorded significant increases, revenue from Petroleum Profit Tax, Import Duty, Companies Income Tax, Excise Duty, and EMTL declined.
Earlier in September, President Bola Tinubu announced that Nigeria met its 2025 revenue target in August, attributing the achievement largely to increased earnings from the non-oil sector.