The Federation Account Allocation Committee (FAAC) has shared a total of N2.22 trillion among the federal, state, and local governments for the month of August 2025.
According to a statement from the Ministry of Finance on Wednesday, the disbursement was made at FAAC’s September meeting held in Abuja, chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun. The allocation was drawn from a gross revenue of N3.63 trillion.
The breakdown shows that the federal government received N810.05 billion, states got N709.83 billion, and local governments received N522.23 billion. Oil-producing states received N183.01 billion as 13 percent derivation revenue.
FAAC said N124.84 billion was deducted as the cost of collection, while N1.28 trillion was allocated to transfers, interventions, and refunds.
VAT revenue for August stood at N722.61 billion, an increase of N34.67 billion compared to July’s figure of N687.94 billion. Of this, N28.91 billion was deducted as collection cost and N20.81 billion for transfers and refunds, leaving a net distributable amount of N672.90 billion. The federal government got N100.93 billion, states received N336.45 billion, and local governments got N235.51 billion.
Gross statutory revenue for the month was N2.83 trillion, down by N231.91 billion from the N3.07 trillion recorded in July. From this, N94.58 billion was deducted for collection costs and N1.26 trillion for transfers and refunds. The remaining N1.47 trillion was distributed as follows: federal government N684.46 billion, states N347.16 billion, and local governments N267.65 billion. Oil-producing states received N179.31 billion as derivation revenue.
From the Electronic Money Transfer Levy (EMTL) of N33.68 billion, the federal government got N4.85 billion, states N16.16 billion, and local governments N11.31 billion, while N1.34 billion was set aside for the cost of collection.
FAAC also disclosed that N41.28 billion from exchange rate differences was shared, with the federal government receiving N19.79 billion, states N10.04 billion, local governments N7.74 billion, and oil-producing states N3.70 billion.
The committee reported increases in oil and gas royalties, VAT, and CET levies, while revenues from Petroleum Profit Tax (PPT), Companies Income Tax (CIT), import duty, EMTL, and excise duty declined.
FAAC confirmed that the total distributable revenue for August was N2.22 trillion, comprising N1.47 trillion statutory revenue, N672.90 billion VAT, N32.33 billion EMTL, and N41.28 billion exchange difference.
Minister Edun commended FAAC members for their efforts, urging prudent management of public resources. He said the government’s ongoing reforms were yielding positive results.
