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Federation Account Allocation Committee Shares ?2.001 Trillion Among Federal, State, and Local Governments

Strategic Insights

— 1 min read

The Federation Account Allocation Committee (FAAC) has distributed a total of ?2.001 trillion to the Federal Government, State Governments, and Local Government Councils in August 2025 as July 2025 revenue. This distributable revenue comprised ?1.282 trillion from statutory revenue, ?640.610 billion from Value Added Tax (VAT), ?37.601 billion from the Electronic Money Transfer Levy (EMTL), and ?39.745 billion from Exchange Difference. The total gross revenue available in July 2025 was ?3.836 trillion, with total deductions for the cost of collection amounting to ?152.681 billion and total transfers, interventions, refunds, and savings stood at ?1.683 trillion.

Key Takeaways:

  • The total distributable revenue for July 2025 was ?2.001 trillion, with ?1.282 trillion coming from statutory revenue, ?640.610 billion from VAT, and ?37.601 billion from EMTL and ?39.745 billion from Exchange Difference.
  • The Federal Government received ?735.081 billion, State Governments received ?660.349 billion, and Local Government Councils received ?485.039 billion from the total distributable revenue.
  • The derivation revenue was shared as ?120.359 billion (13% of mineral revenue) to benefiting states.
  • From the ?1.282 trillion statutory revenue, the Federal Government received ?613.805 billion, State Governments received ?311.330 billion, and Local Government Councils received ?240.023 billion.
  • A further ?117.714 billion (13% of mineral revenue) was allocated to benefiting states as derivation revenue.
  • From the ?640.610 billion VAT revenue, the Federal Government received ?96.092 billion, State Governments received ?320.305 billion, and Local Government Councils received ?224.214 billion.
  • From the ?39.745 billion Exchange Difference, the Federal Government received ?19.544 billion, State Governments ?9.913 billion, and Local Government Councils ?7.643 billion.

Statistics:

  • The total distributable revenue for July 2025 was ?2.001 trillion.
  • The gross statutory revenue for July 2025 was ?3.070 trillion, lower than the ?3.485 trillion recorded in June 2025 by ?415.108 billion.
  • Gross VAT revenue for July 2025 stood at ?687.940 billion, higher than the ?678.165 billion recorded in June 2025 by ?9.775 billion.
  • The total deductions for the cost of collection in July 2025 were ?152.681 billion.
  • The total transfers, interventions, refunds, and savings in July 2025 were ?1.683 trillion.

Sources:

  • Federation Account Allocation Committee (FAAC) communique
  • Office of the Accountant-General of the Federation (OAGF) press statement

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