FAAC Distributes N2.225tn August Revenue to FG, States, and LGs — Up 11.2% from July

ABUJA | September 18, 2025 — The Federation Account Allocation Committee (FAAC) has announced the distribution of N2.225 trillion in revenue to the Federal Government, states, and Local Government Councils for August 2025 — marking an 11.2% increase from July’s N2.001 trillion.

This was disclosed in a statement released Wednesday by Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant General of the Federation, following the monthly FAAC meeting held in Abuja.

According to the statement, the August revenue allocation includes:

• Statutory Revenue: N1.478 trillion
• Value Added Tax (VAT): N672.903 billion
• Electronic Money Transfer Levy (EMTL): N32.338 billion
• Exchange Rate Difference: N41.284 billion

The PUNCH reports that this is the third consecutive month of increased allocations, a trend driven largely by higher VAT and other non-oil revenue sources.

Revenue Breakdown

From the N1.478 trillion statutory revenue:

• Federal Government: N684.462 billion
• States: N347.168 billion
• Local Government Councils: N267.652 billion
• Oil-producing states (13% derivation): N179.311 billion

From the N672.903 billion VAT revenue:

• Federal Government: N100.935 billion
• States: N336.452 billion
• Local Governments: N235.516 billion

From the N32.338 billion EMTL:

• Federal Government: N4.851 billion
• States: N16.169 billion
• Local Governments: N11.318 billion

From the N41.284 billion Exchange Difference:

• Federal Government: N19.799 billion
• States: N10.042 billion
• Local Governments: N7.742 billion
• Oil-producing states (derivation): N3.701 billion

Gross Revenue and Deductions

Total gross revenue for August stood at N3.635 trillion, down from N3.757 trillion in July. Deductions for collection costs amounted to N124.839 billion, while N1.285 trillion was set aside for transfers, interventions, refunds, and savings.

The report noted a decline in statutory gross revenue from N3.070 trillion in July to N2.838 trillion in August, a decrease of N231.913 billion. However, VAT collections rose to N722.619 billion, an increase of N34.679 billion from the previous month.

While oil and gas royalties, VAT, and Common External Tariff (CET) levies recorded growth, revenues from Petroleum Profit Tax, Import Duty, Companies Income Tax, Excise Duty, and EMTL saw declines.

Earlier this month, President Bola Tinubu announced that Nigeria had achieved its 2025 revenue target in August, attributing the milestone to increased earnings from the non-oil sector.