Chukwu Obinna 
ABUJA, Nigeria- The Federation Account Allocation Committee (FAAC) has announced that the Federal Government, states, and local councils shared ₦2.225 trillion as August 2025 revenue, marking the third consecutive month of growth.
The figure represents an increase of ₦224.1bn, or 11.2 per cent, compared with ₦2.001tn distributed in July. The Office of the Accountant General, in a statement by its spokesman, Bawa Mokwa, said the allocation followed the FAAC meeting in Abuja on Wednesday.
Breakdown of the allocation showed that statutory revenue contributed ₦1.478tn, Value Added Tax (VAT) ₦672.9bn, Electronic Money Transfer Levy (EMTL) ₦32.3bn, and Exchange Difference ₦41.3bn.
From statutory revenue, the Federal Government received ₦684.5bn, states ₦347.2bn, and local councils ₦267.7bn. Oil-producing states earned ₦179.3bn under the 13% derivation principle. VAT distribution gave the Federal Government ₦100.9bn, states ₦336.5bn, and local councils ₦235.5bn.
Gross revenue for the month stood at ₦3.635tn. Deductions for collection cost reached ₦124.8bn, while transfers, interventions, and savings totalled ₦1.285tn.
Officials noted VAT receipts rose to ₦722.6bn in August from July’s ₦687.9bn, while statutory inflows dropped to ₦2.838tn from ₦3.07tn. The statement said oil and gas royalties and VAT recorded strong performance, while Company Income Tax, Petroleum Profit Tax, and excise duties weakened.
President Bola Tinubu earlier confirmed Nigeria met its 2025 revenue target in August, largely driven by the non-oil sector.
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Hussaini Ibrahim 
Mirian Gom 
