The Federation Account Allocation Committee (FAAC) on Wednesday said it disbursed ₦2.225 trillion to the federal, state, and local governments as revenue for August 2025, representing an 11.2 per cent increase compared to July’s allocation.
A statement from the Office of the Accountant-General of the Federation, signed by its spokesperson Bawa Mokwa, said the revenue was shared after FAAC’s monthly meeting in Abuja.
The total distributable revenue comprised ₦1.478 trillion from statutory sources, ₦672.9 billion from Value Added Tax (VAT), ₦32.3 billion from the Electronic Money Transfer Levy (EMTL), and ₦41.2 billion from exchange difference.
Of the statutory revenue, the federal government received ₦684.4 billion, states ₦347.1 billion, and local councils ₦267.6 billion. Oil-producing states also got ₦179.3 billion as 13 per cent derivation.
From VAT, the federal government took ₦100.9 billion, states ₦336.4 billion, and local governments ₦235.5 billion. On EMTL, FAAC allocated ₦4.8 billion to the federal government, ₦16.1 billion to states, and ₦11.3 billion to local governments. The exchange difference was shared as ₦19.8 billion to the federal government, ₦10.0 billion to states, ₦7.7 billion to local governments, and ₦3.7 billion to oil-producing states.
Gross statutory revenue for August stood at ₦2.83 trillion, lower than the ₦3.07 trillion recorded in July, while VAT collections rose to ₦722.6 billion, up from ₦687.9 billion in July. FAAC noted that oil and gas royalties, VAT, and levies performed strongly, but receipts from petroleum profit tax, company income tax, import duty, and excise duty declined.
The latest figures mark the third consecutive month of revenue growth distributed through the federation account. Earlier this month, President Bola Tinubu said Nigeria had met its 2025 revenue target in August, buoyed largely by non-oil earnings.
