Nigeria’s federal, state, and local governments have shared a record ₦2.2 trillion revenue for the month of August 2025 — the highest so far in the year.

The Federation Account Allocation Committee (FAAC) disclosed this in a communiqué issued on Wednesday, noting that the amount surpassed the ₦2.001 trillion shared in July.

According to the breakdown, the total distributable revenue stood at ₦2.225 trillion, drawn from different sources including:

Statutory revenue: ₦1.478 trillion

Value Added Tax (VAT): ₦672.9 billion

Electronic Money Transfer Levy (EMTL): ₦32.3 billion

Exchange Difference: ₦41.2 billion

How the Funds Were Shared

The Federal Government received ₦684.4 billion.

State Governments got ₦347.1 billion.

Local Government Councils shared ₦267.6 billion.

Oil-producing states received ₦179.3 billion as 13% derivation revenue.

From VAT alone, ₦672.9 billion was shared: the Federal Government took ₦100.9 billion, states ₦336.4 billion, and LGs ₦235.5 billion.

For EMTL, the Federal Government received ₦4.8 billion, the states ₦16.1 billion, and the LGs ₦11.3 billion. Meanwhile, from the exchange difference, ₦19.7 billion went to the Federal Government, ₦10 billion to states, and ₦7.7 billion to LGs, with ₦3.7 billion as derivation revenue.

Revenue Trends

The FAAC report noted that oil and gas royalties, VAT, and CET levies rose significantly in August, while petroleum profit tax, import duty, companies' income tax, and excise duty recorded declines.

Overall, a gross revenue of ₦3.6 trillion was available in August, out of which ₦124.8 billion was deducted as collection costs, while ₦1.28 trillion was used for transfers, interventions, refunds, and savings.

This marks a major revenue boost for the three tiers of government, offering more funds for projects, salaries, and development across the country.