The federal government through the Federation Account Allocation Committee (FAAC) has disbursed a total sum of N2.001 trillion to the Federal Government, States and the Local Government Councils, from the July 2025 revenue.
The revenue shared to the three tiers of government is slight increase compared to N1.81 trillion shared in the previous month.
According to the communiqué issued by the Committee at the August 2025 FAAC meeting held in Abuja, the N2 trillion total distributable revenue comprised distributable statutory revenue of N1,282.872 trillion, distributable Value Added Tax (VAT) revenue of N640.610 billion, Electronic Money Transfer Levy (EMTL) revenue of N37.601 billion, Exchange Difference N39.745 billion.
Of the N2 trillion total distributable revenue, the Federal Government received total sum of N735 billion and the State Governments received total sum of N660 billion while the Local government Council received N485 billion. Also, the sum of N120 billion (13% of mineral revenue) was shared to the benefiting State as derivation revenue.
The total gross revenue available in the period was N3.8 trillion, of which total deduction for cost of collection was N152.681 billion while total transfers, interventions, refunds and savings was N1.683 trillion.
Also, the gross statutory revenue of N3.070 trillion was received for the month of July 2025. This was lower than the sum of N3.485 trillion received in the month of June 2025 by N415 billion.
“On the N1.28trillion distributable statutory revenue, the Federal Government received N613.805 billion and the State Governments received N311.330 billion. The Local Government Councils received N240.023 billion and the sum of N117.714 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.
“From the N640.610 billion distributable Value Added Tax (VAT) revenue, the Federal Government received N96.092 billion, the State Governments received N320.305 billion and the Local Government Councils received N224.214 billion.
“A total sum of N5.640 billion was received by the Federal Government from the N37.601 billion, The State Governments received N18.801 billion and the Local Government Councils received N13.160 billion.
“From the N39.745 billion Exchange Difference, the communiqué stated that the Federal Government received N19.544 billion and the State Governments received N9.913 billion.
“The Local Government Councils received N7.643 billion, while the sum of N2.643 billion (13 percent of mineral revenue) was shared to the benefiting States as derivation revenue,” the committee stated.
