The Federation Account Allocation Committee (FAAC) on Wednesday 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 11.2 per cent increase—equivalent to N224.118 billion—compared with the N2.001 trillion distributed in July. The Office of the Accountant General of the Federation disclosed this in a statement issued by its Director of Press and Public Relations, Bawa Mokwa, after the FAAC meeting held in Abuja.
According to the statement, the distributable revenue of N2.225 trillion comprised:Statutory Revenue: N1.478 trillionValue Added Tax (VAT): N672.903 billionElectronic Money Transfer Levy (EMTL): N32.338 billionExchange Difference: N41.284 billionThe report also noted that gross revenue for August stood at N3.635 trillion, from which N124.839 billion was deducted as cost of collection, while N1.285 trillion went into transfers, interventions, refunds, and savings.
Breakdown of AllocationFrom the N1.478 trillion statutory revenue, the Federal Government received N684.462 billion, states received N347.168 billion, and local governments got N267.652 billion.
Oil-producing states earned N179.311 billion as 13% derivation revenue.From the N32.338 billion EMTL, the Federal Government received N4.851 billion, states N16.169 billion, and local governments N11.318 billion.From the N41.284 billion Exchange Difference, the Federal Government got N19.799 billion, states N10.042 billion, local governments N7.742 billion, while oil-producing states received N3.701 billion as derivation revenue.
While gross statutory revenue of N2.838 trillion in August was lower than the N3.070 trillion recorded in July—a decline of N231.913 billion—VAT revenue rose to N722.619 billion in August from N687.940 billion in July, reflecting an increase of N34.679 billion.
FAAC explained that oil and gas royalties, VAT, and CET levies recorded significant increases, while collections from Petroleum Profit Tax, Import Duty, Companies Income Tax, Excise Duty, and EMTL fell.Earlier this month, President Bola Tinubu announced that Nigeria had met its 2025 revenue target in August, largely driven by proceeds from the non-oil sector.
