FG, States, LGs Share N2.23tn Revenue in August, Record 11% Growth

The Federation Account Allocation Committee (FAAC) has disclosed that the Federal Government, states, and Local Government Councils shared a total of N2.225 trillion as revenue for August 2025, marking an 11.2 per cent increase compared with the N2.001 trillion shared in July.

A statement released by the Office of the Accountant General of the Federation, through its Director of Press and Public Relations, Bawa Mokwa, said the allocation followed the FAAC meeting in Abuja.

The August allocation comprised N1.478 trillion from statutory revenue, N672.903 billion from Value Added Tax (VAT), N32.338 billion from the Electronic Money Transfer Levy (EMTL), and N41.284 billion from exchange differences.

FAAC noted that gross revenue for the month was N3.635 trillion. Total deductions for cost of revenue collection amounted to N124.839 billion, while transfers, interventions, refunds, and savings stood at N1.285 trillion.

From the statutory revenue, the Federal Government received N684.462 billion, states got N347.168 billion, and local governments received N267.652 billion. Oil-producing states collected N179.311 billion as their 13 per cent derivation share.

On VAT, the Federal Government took N100.935 billion, states N336.452 billion, and local governments N235.516 billion. The EMTL generated N32.338 billion, with the Federal Government receiving N4.851 billion, states N16.169 billion, and local governments N11.318 billion. Exchange differences were shared as follows: Federal Government N19.799 billion, states N10.042 billion, local governments N7.742 billion, and oil-producing states N3.701 billion.

The statement revealed that while VAT and other levies recorded growth, collections from Petroleum Profit Tax, Import Duty, Companies Income Tax, Excise Duty, and EMTL fell.

President Bola Tinubu had earlier in September 2025 announced that Nigeria had achieved its 2025 revenue target in August, driven largely by earnings from the non-oil sector.