The Federation Account Allocation Committee (FAAC) has announced the disbursement of ₦2.225 trillion as federal revenue for August 2025, marking the largest allocation ever to Nigeria’s three tiers of government and other statutory beneficiaries.
The communiqué issued after the FAAC meeting in Abuja highlighted that the surge in revenue was fueled by increased oil and gas royalties, value-added tax (VAT), and Common External Tariff (CET) fees.
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According to FAAC’s breakdown, the total revenue for August stood at ₦3.635 trillion. From this figure, ₦124.839 billion was deducted for collection costs, while ₦1.285 trillion was earmarked for transfers, interventions, refunds, and savings.
Revenue Breakdown
Statutory Revenue (₦1.478 trillion):
Federal Government: ₦684.462 billion
State Governments: ₦347.168 billion
Local Government Councils: ₦267.652 billion
Oil-Producing States (13% derivation): ₦179.311 billion
VAT Revenue (₦672.903 billion):
Federal Government: ₦100.935 billion
States: ₦336.452 billion
Local Governments: ₦235.516 billion
Electronic Money Transfer Levy – EMTL (₦32.338 billion):
Federal Government: ₦4.851 billion
States: ₦16.169 billion
Local Governments: ₦11.318 billion
Exchange Difference (₦41.284 billion):
Federal Government: ₦19.799 billion
States: ₦10.042 billion
Local Governments: ₦7.742 billion
Oil-Producing States Derivation: ₦3.701 billion
This record-breaking allocation underscores the federal government’s push to boost fiscal capacity at all levels of governance and enhance service delivery across Nigeria.