The Federation Account Allocation Committee (FAAC) has announced that the Federal Government, states, and local government councils shared a total of ₦2.225 trillion as revenue for August 2025. This marks an increase of ₦224.1 billion (11.2%) compared with the ₦2.001 trillion shared in July.
According to a statement by the Office of the Accountant General of the Federation, the revenue distribution was finalized at FAAC’s meeting in Abuja. This is the third month in a row that the shared revenue has grown.
The ₦2.225 trillion distributable revenue came from different sources:
- Statutory revenue: ₦1.478 trillion
- Value Added Tax (VAT): ₦672.9 billion
- Electronic Money Transfer Levy (EMTL): ₦32.3 billion
- Exchange Difference: ₦41.3 billion
From the statutory revenue, the Federal Government got ₦684.5 billion, states received ₦347.2 billion, while local governments shared ₦267.7 billion. Oil-producing states also received ₦179.3 billion as 13% derivation revenue.
For VAT, the Federal Government received ₦100.9 billion, states got ₦336.5 billion, and local governments received ₦235.5 billion. On EMTL, the Federal Government received ₦4.9 billion, states ₦16.2 billion, and local governments ₦11.3 billion. From the exchange difference, ₦19.8 billion went to the Federal Government, ₦10 billion to states, ₦7.7 billion to local governments, while oil-producing states received ₦3.7 billion.
The report also showed that gross statutory revenue in August was ₦2.838 trillion, lower than July’s ₦3.070 trillion, a decline of ₦231.9 billion. However, VAT collections improved, rising to ₦722.6 billion in August from ₦687.9 billion in July. FAAC noted that oil and gas royalties, VAT, and CET levies recorded growth, while Petroleum Profit Tax, Import Duty, Company Income Tax, Excise Duty, and EMTL revenues fell.
President Bola Tinubu had earlier announced that Nigeria met its 2025 revenue target in August, with much of the growth driven by non-oil sector earnings.
