The three tiers of government in Nigeria federal, state, and local councils have shared a total of ₦2.001 trillion as Federation Account revenue for July 2025.
The allocation was made at the August meeting of the Federation Account Allocation Committee (FAAC) held in Abuja.
A communiqué issued after the meeting explained that the distributable revenue comprised statutory revenue, Value Added Tax, Electronic Money Transfer Levy, and exchange difference.
It noted that gross revenue available for July was ₦3.837 trillion, from which ₦152.681 billion was deducted as the cost of collection, while ₦1.683 trillion was set aside for transfers, interventions, refunds, and savings.
The FAAC further disclosed that gross statutory revenue for July stood at ₦3.070 trillion, which was ₦415.108 billionlower than the ₦3.485 trillion received in June.
Conversely, Value Added Tax revenue rose to ₦687.940 billion in July, higher than the ₦678.165 billion recorded in June by ₦9.775 billion.
From the total distributable pool, the Federal Government received ₦735.081 billion, the states received ₦660.349 billion, while local councils got ₦485.039 billion.
Oil-producing states also received ₦120.359 billion as derivation revenue, representing 13 per cent of mineral earnings.
On statutory revenue alone, the Federal Government received ₦613.805 billion, while the states received ₦311.330 billion.
The communiqué revealed that local government councils received ₦240.023 billion, while oil-producing states shared ₦117.714 billion as 13 per cent mineral derivation revenue. Out of the ₦640.610 billion distributable Value Added Tax, the Federal Government got ₦96.092 billion, the states received ₦320.305 billion, and local councils received ₦224.214 billion.
It added that from the ₦37.601 billion generated from the Electronic Money Transfer Levy, the Federal Government received ₦5.640 billion, the states got ₦18.801 billion, and the local councils received ₦13.160 billion.
Similarly, from the ₦39.745 billion realised as exchange difference, the Federal Government received ₦19.544 billion, the states received ₦9.913 billion, and the local councils got ₦7.643 billion, while oil-producing states shared an additional ₦2.643 billion as derivation revenue.
The statement further noted that in July 2025, Petroleum Profit Tax, Oil and Gas Royalty, the Electronic Money Transfer Levy, and Excise Duty recorded significant increases, while Value Added Tax and Import Duty rose only marginally. However, Companies Income Tax and CET levies declined within the same period.
