ABUJA: The Federation Account Allocation Committee (FAAC) has announced that a total of N2.225 trillion was shared among the Federal Government, states, and Local Government Councils as revenue for August 2025.
The figure represents an 11.2 per cent increase compared with the N2.001 trillion distributed in July, according to a statement issued on Wednesday by the Director of Press and Public Relations, Office of the Accountant General of the Federation, Bawa Mokwa.
The August allocation, shared at the FAAC meeting in Abuja, comprised:
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Statutory revenue: N1.478tn
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Value Added Tax (VAT): N672.90bn
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Electronic Money Transfer Levy (EMTL): N32.34bn
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Exchange Difference: N41.28bn
From the statutory revenue, the Federal Government received N684.46bn, states got N347.17bn, local councils received N267.65bn, while oil-producing states earned N179.31bn as 13 per cent derivation.
From VAT, the Federal Government collected N100.94bn, states N336.45bn, and local councils N235.52bn.
For EMTL, the breakdown showed N4.85bn to the Federal Government, N16.17bn to states, and N11.32bn to local councils.
The exchange difference was shared as follows: N19.80bn to the Federal Government, N10.04bn to states, N7.74bn to councils, and N3.70bn to oil-producing states.
Gross revenue available for August stood at N3.635tn, out of which N124.84bn was deducted for collection costs, while N1.285tn went into transfers, interventions, refunds, and savings.
The FAAC report noted that while oil and gas royalties, VAT, and CET levies recorded significant increases, receipts from Petroleum Profit Tax, Import Duty, Companies Income Tax, Excise Duty, and EMTL declined.
It added that statutory gross revenue dropped to N2.838tn in August, down by N231.91bn from July’s N3.070tn. On the other hand, VAT revenue rose to N722.62bn, compared with N687.94bn recorded in July, reflecting a growth of N34.68bn.
Earlier this month, President Bola Tinubu disclosed that Nigeria had met its 2025 revenue target by August, largely driven by gains from the non-oil sector.
