The Federation Account Allocation Committee reported on Wednesday that 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.
In a statement issued on Wednesday, the Office of the Accountant General of the Federation, through its Director of Press and Public Relations, Bawa Mokwa, clarified 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 allocated to the Federal Government, states, and Local Government Councils,” the statement read. Lagos Panorama observed that the increase marked the third consecutive month of growth in revenue shared.
The statement revealed that the N2.225tn distributable revenue was composed of 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.
“Total gross revenue of N3.635tn was available in the month of August 2025. Total deduction for cost of collection was N124.839bn while total transfers, interventions, refunds, and savings were N1.285tn,” the statement added.
The allocation of statutory revenue showed that the Federal Government received N684.462bn, states received N347.168bn, and local government councils received N267.652bn from the total N1.478tn statutory revenue. Additionally, oil-producing states received N179.311bn as 13 per cent derivation revenue.
The distribution of the N672.903bn VAT revenue was as follows: the Federal Government received N100.935bn, states received N336.452bn, and local governments received N235.516bn.
Furthermore, the Federal Government received N4.851bn, states N16.169bn, and local governments N11.318bn from the N32.338bn EMTL.
Lastly, the Federal Government received N19.799bn, states N10.042bn, local governments N7.742bn, while oil-producing states received N3.701bn as derivation revenue from the N41.284bn Exchange Difference.
As stated, the gross statutory revenue of N2.838tn recorded in August was less than the N3.070tn received in July, showing a decline of N231.913bn.
Additionally, VAT gross revenue stood at N722.619bn in August, higher than the N687.940bn recorded in July, representing an increase of N34.679bn.
The statement also noted that while oil and gas royalties, VAT, and CET levies saw significant increases, receipts from Petroleum Profit Tax, Import Duty, Companies Income Tax, Excise Duty, and EMTL declined.
President Bola Tinubu announced earlier in September 2025 that Nigeria met its 2025 revenue target in August, driven largely by non-oil sector earnings.
