FG, states, LGs divide N2.001trn July earnings
The three tiers of the Nigerian government—federal, state, and local government councils—have allocated a remarkable total of N2.001 trillion, representing the Federation Account Revenue for July 2025.
This substantial revenue was distributed during the Federation Account Allocation Committee (FAAC) meeting held in the capital, Abuja, in August 2025.
The comprehensive N2.001 trillion total distributable revenue consists of a distributable statutory revenue of N1,282.872 trillion, an impressive distributable Value Added Tax (VAT) revenue of N640.610 billion, a notable Electronic Money Transfer Levy (EMTL) revenue of N37.601 billion, and an Exchange Difference amounting to N39.745 billion.
As per the communiqué shared with DAILY POST on Friday by the spokesperson for the Office of the Accountant General of the Federation, Bawa Mokwa, the gross statutory revenue recorded for July 2025 stood at N3,070.127 trillion. This represents a decline compared to the N3,485.235 trillion received in June 2025 by a significant N415.108 billion.
The communiqué further indicated that the gross revenue from Value Added Tax (VAT) in July 2025 totaled N687.940 billion, which reflects an increase over the N678.165 billion available in June 2025 by N9.775 billion.
From the total distributable revenue of N2,000.828 trillion, the Federal Government was allocated a noteworthy sum of N735.081 billion, while State Governments received an amount of N660.349 billion.
Local government councils were allocated N485.039 billion, and an additional N120.359 billion (13% of mineral revenue) was shared as derivation revenue with the benefiting states.
Of the N1,282.872 trillion in distributable statutory revenue, the communiqué revealed that the Federal Government received N613.805 billion, while State Governments were provided N311.330 billion.
Local Government Councils received N240.023 billion, and the sum of N117.714 billion (13% of mineral revenue) was also shared with the benefiting states as derivation revenue.
From the N640.610 billion in distributable Value Added Tax (VAT) revenue, the Federal Government received N96.092 billion, State Governments were allocated N320.305 billion, and Local Government Councils gained N224.214 billion.
The Federal Government garnered a total of N5.640 billion from the N37.601 billion, while State Governments received N18.801 billion, and Local Government Councils acquired N13.160 billion.
Regarding the N39.745 billion in exchange difference, the communiqué stated that the Federal Government received N19.544 billion, and the State Governments acquired N9.913 billion.
Local Government Councils were allotted N7.643 billion, with N2.643 billion (13% of mineral revenue) shared with relevant states as derivation revenue.
In July 2025, there was a notable increase in Petroleum Profit Tax (PPT), Oil and Gas Royalty, Electronic Money Transfer Levy (EMTL), and Excise Duty, while Value Added Tax (VAT) and import duty saw marginal growth.
Conversely, Companies Income Tax (CIT) and CET levies reported decreases.
