The Federation Account Allocation Committee (FAAC) concluded its meeting Wednesday in Abuja where a total sum of N2.225 trillion accrued in the month of August 2025 to the Federation Account was shared to the Federal Government, States and the Local Government Councils.
The amount which is the total distributable revenue comprised distributable statutory revenue of N1.479 Trillion, distributable Value Added Tax (VAT) revenue of N672.903 billion, Electronic Money Transfer Levy (EMTL) revenue of N32.338 billion, and the Exchange Difference N41.284 billion.
A communiqué issued by the Federation Account Allocation Committee (FAAC) indicated that total gross revenue of N3.636 trillion was available in the month of August 2025 but there were deductions: cost of collection was N124.839 billion while total transfers, interventions, refunds and savings was N1.286 trillion
Gross revenue of N722.619 billion was available from the Value Added Tax (VAT) in August 2025 as against N687.940 billion distributed in the preceding month, resulting increase of N34.679 billion.
The communiqué stated that from the N1.479 billion total distributable revenue, the Federal Government received total sum of N684.462 billion and the State Governments received total sum of N347.168 billion. The Local government Council received N267.652 billion, while the sum of N179.311 billion (13% of mineral revenue) was shared to the benefiting State as derivation revenue.
From the N672.903 billion distributable Value Added Tax (VAT) revenue, the Federal Government received N100.935 billion, the State Governments received N336.452 billion and the Local Government Councils received N235.516 billion.
A total sum of N4.851 billion was received by the Federal Government from the N32.338 billion from Electronic Money Transfer Levy (EMTL). The State Governments received N16.169 billion and the Local Government Councils received N11.318 billion.
The communiqué also stated that the Federal Government received N19.799 billion from the N41.284 billion from Exchange Difference and the State Governments received N10.042 billion. Local Government Councils received N7.742 billion, while the sum of ₦3.701 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.
Gross Statutory Revenue of N2.838 billion which is lower than the sum of N3.070 billion received in the previous month by N231.913 billion was received in the month under review.
Oil & Gas Royalty, Value Added Tax (VAT) and CET Levies increased significantly while Petroleum profit Tax (PPT), Import Duty, Electronic Money Transfer Levy (EMTL), Companies Income Tax (CIT) and Excise Duty recorded decreases.
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