The Federation Account Allocation Committee (FAAC) has shared a total of N2.001 trillion July 2025 revenue among the Federal Government, States, and Local Government Councils. The revenue distribution took place at the August 2025 FAAC meeting held in Abuja.
According to Mediaplusng.com, the distributable revenue comprised statutory revenue of N1.283 trillion, Value Added Tax (VAT) revenue of N640.610 billion, Electronic Money Transfer Levy (EMTL) revenue of N37.601 billion, and Exchange Difference of N39.745 billion.
A communiqué issued by FAAC revealed that the total gross revenue for July 2025 stood at N3.837 trillion. Out of this amount, deductions for the cost of collection reached N152.681 billion, while transfers, interventions, refunds, and savings accounted for N1.683 trillion.
Mediaplusng.com reports that the federal government received N735.081 billion, State Governments received N660.349 billion, while Local Government Councils got N485.039 billion. In addition, N120.359 billion (13% of mineral revenue) was shared as derivation to benefiting oil-producing states.
From the N1.283 trillion statutory revenue, the federal government received N613.805 billion, states that got N311.330 billion, while local governments received N240.023 billion. Oil-producing states received N117.714 billion as derivation revenue.
For the N640.610 billion VAT allocation, the federal government got N96.092 billion, states received N320.305 billion, and local governments collected N224.214 billion.
Under the N37.601 billion EMTL revenue, the federal government received N5.640 billion, states received N18.801 billion, and local governments got N13.160 billion.
Similarly, from the N39.745 billion Exchange Difference, the Federal Government received N19.544 billion, states received N9.913 billion, Local Governments got N7.643 billion, while N2.643 billion was shared as derivation revenue.
The communiqué further noted that Petroleum Profit Tax (PPT), Oil and Gas Royalty, EMTL, and Excise Duty recorded significant increases in July 2025. VAT and Import Duty increased marginally, while Companies Income Tax (CIT) and CET Levies declined compared to June 2025.
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