The Federation Account Allocation Committee (FAAC) has shared a total of ₦2.22 trillion among the federal, state and local governments for August 2025.
The disbursement, announced at FAAC’s September meeting in Abuja and chaired by Finance Minister Wale Edun, came from a gross revenue of ₦3.63 trillion.
According to the breakdown:
- The federal government received ₦810.05 billion
- States got ₦709.83 billion
- Local governments shared ₦522.23 billion
- Oil-producing states pocketed ₦183.01 billion as 13% derivation.
In addition, ₦124.84 billion was set aside as the cost of collection, while ₦1.28 trillion went into transfers, interventions, and refunds.
VAT and Revenues
Value Added Tax (VAT) brought in ₦722.61 billion, a ₦34.67 billion rise from the previous month. After deductions, ₦672.90 billion was distributed—₦100.93 billion to the FG, ₦336.45 billion to states, and ₦235.51 billion to LGAs.
However, statutory revenue dropped by ₦231.91 billion, falling from ₦3.07 trillion in July to ₦2.83 trillion in August. After costs and deductions, the FG received ₦684.46 billion, states ₦347.16 billion, LGAs ₦267.65 billion, and oil-producing states ₦179.31 billion.
Electronic Money Transfer Levy (EMTL) contributed ₦33.68 billion, while an exchange difference added another ₦41.28 billion to the pool.
Edun praised FAAC members for their diligence, assuring Nigerians that government reforms are “yielding positive results.”
“Better days are ahead,” he said, urging prudent use of public resources to address citizens’ needs.
