The Federation Account Allocation Committee (FAAC) has shared a total sum of N2.225 trillion as federation revenue to the three tiers of government and other statutory recipients for August 2025.
The amount is the highest ever disbursed by FAAC and marks the second consecutive month that allocations have exceeded N2 trillion.
This is contained in a communiqué issued at the end of the FAAC meeting held on Wednesday in Abuja.
According to the communiqué, the revenue inflow was boosted by increases in oil and gas royalties, Value Added Tax (VAT) and Common External Tariff (CET) levies.
It said the total distributable revenue comprised N1.478 trillion from statutory revenue, N672.903 billion from VAT, N32.338 billion from Electronic Money Transfer Levy (EMTL) and N41.284 billion from Exchange Difference.
The communiqué revealed that gross federation revenue for the month stood at N3.635 trillion, out of which N124.839 billion was deducted as cost of collection, while N1.285 trillion was set aside for transfers, interventions, refunds and savings.
From the statutory revenue of N1.478 trillion, the Federal Government received N684.462 billion, States received N347.168 billion, and Local Government Councils received N267.652 billion. Oil-producing states got N179.311 billion as 13 per cent derivation.
From the distributable VAT revenue of N672.903 billion, the Federal Government received N100.935 billion, States received N336.452 billion and Local Governments received N235.516 billion.
The communiqué added that from the N32.338 billion shared from EMTL, the Federal Government received N4.851 billion, States received N16.169 billion and Local Governments received N11.318 billion.
Similarly, from the N41.284 billion exchange difference, the Federal Government received N19.799 billion, States received N10.042 billion, and Local Governments received N7.742 billion, while N3.701 billion was shared to oil-producing states as derivation.