The Nation

FAAC : FG, states, local govts share N2trn

Published

3 hours ago

22 August 2025

Mathew Ojo

FAAC FG states local govts share N2trn — File photo for story illustration

Nigeria’s federal, state and local governments have shared a combined N2.001 trillion as revenue allocation for July 2025 , the first time the monthly disbursement has crossed the N2 trillion mark.

The allocation was confirmed after the Federation Account Allocation Committee (FAAC) met in Abuja for its August 2025 session.

According to the FAAC communiqué, the distributable sum consisted of N1.282 trillion statutory revenue, N640.61 billion Value Added Tax (VAT), N37.601 billion Electronic Money Transfer Levy (EMTL), and N39.745 billion exchange difference.

The statement, issued by Bawa Mokwa, spokesperson for the Office of the Accountant General of the Federation, noted that gross revenue for July stood at N3.836 trillion. From this, N152.681 billion was deducted as collection cost, while N1.683 trillion went to transfers, interventions, refunds and savings.

“Gross statutory revenue of N3,070.127 trillion was received for the month of July 2025. This was lower than the sum of N3,485.235 trillion received in the month of June 2025 by N415.108 billion,” the communiqué said.

It added that VAT revenue rose to N687.94 billion in July from N678.165 billion in June, representing an increase of N9.775 billion.

“The local government council received N485.039 billion, while the sum of N120.359 billion (13% of mineral revenue) was shared with the benefiting state as derivation revenue.

“On the N1,282.872 trillion distributable statutory revenue, the communiqué stated that the Federal Government received N613.805 billion and the State Governments received N311.330 billion.

“The Local Government Councils received N240.023 billion, and the sum of N117.714 billion (13% of mineral revenue) was shared with the benefiting states as derivation revenue.

“From the N640.610 billion distributable Value Added Tax (VAT) revenue, the Federal Government received N96.092 billion, the State Governments received N320.305 billion, and the Local Government Councils received N224.214 billion,” the communique added.