The Federation Account Allocation Committee on Wednesday said the Federal Government, states, and Local Government Councils shared a total of N2.225tn as August 2025 revenue, representing an increase of N224.118bn or 11.2 per cent compared with the N2.001tn distributed for July.
The Office of the Accountant General of the Federation, in a statement on Wednesday by its Director of Press and Public Relations, Bawa Mokwa, explained that the allocation was made at the FAAC meeting held in Abuja.
“A total sum of N2.225tn, being August 2025 Federation Account Revenue, has been shared to the Federal Government, states, and the Local Government Councils,” the statement read. The PUNCH observed that the increase marked the third consecutive month of growth in revenue shared.
According to the statement, the N2.225tn distributable revenue comprised statutory revenue of N1.478tn, Value Added Tax revenue of N672.903bn, Electronic Money Transfer Levy revenue of N32.338bn, and Exchange Difference of N41.284bn.
From the N672.903bn VAT revenue, the Federal Government received N100.935bn, states received N336.452bn, and Local Governments received N235.516bn.
On EMTL, FAAC said the Federal Government received N4.851bn, states N16.169bn, and local governments N11.318bn from the total of N32.338bn.
From the N41.284bn Exchange Difference, the Federal Government got N19.799bn, the states N10.042bn, Local Governments N7.742bn, while N3.701bn went to oil-producing states as derivation revenue.
The statement noted that gross statutory revenue of N2.838tn was recorded in August, lower than the N3.070tn received in July, representing a drop of N231.913bn. It further disclosed that VAT gross revenue stood at N722.619bn in August, higher than the N687.940bn recorded in July, reflecting an increase of N34.679bn.
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