Victor Ezeja
The Federation Account Allocation Committee (FAAC) has disbursed a total sum of N2.001 trillion to the three tiers of government (federal, states and local councils) as Federal allocation for the month of July 2025 from a gross total of N3.836 trillion.
This was shared during the 2025 August FAAC meeting, chaired by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun.
Join our WhatsApp ChannelThe total amount shared included Gross Statutory Revenue, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL), and Exchange Difference.
According to a communique issued by FAAC at the end of the meeting, the Federal Government received N735.081 billion, the States received N660.349 billion, the local government councils got N485.039 billion, while the oil-producing states received N120.359 billion as derivation (13 per cent of Mineral Revenue for the month of July).
The sum of N152.681 billion was given for the cost of collection, while N1.683 trillion was allocated for Transfers Intervention and Refunds.
The communique said gross statutory revenue of N3,070.127 trillion was received for the month of July 2025. This was lower than the sum of N3,485.235 trillion received in the month of June 2025 by N415.108 billion.
The sum of N123.597 billion was allocated for the cost of collection and N1.663 trillion for Transfers, Intervention and Refunds, while the balance of N1.282 trillion was distributed as follows: Federal Government, N613.805 billion, states, N311.330 billion, and N240.023 billion to Local Councils.
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The communique indicated that the Gross Revenue of N687.940 billion was realised from VAT, reflecting a N9.775 billion (1.44 per cent) increase from N678.165 billion shared in June.
From that amount, the sum of N27.517 billion was allocated for the cost of collection, and the sum of N19.813 billion was given for Transfers, Intervention and Refunds. The remaining sum of N640.610 billion was distributed to the three tiers of government, of which the Federal Government got N96.092 billion, the states received N320.305 billion and local government councils got N224.214 billion.
The communique stated that the sum of N39.168 billion was raised from Electronic Money Transfer Levy (EMTL) and was distributed to the three tiers of government as follows: the FG – N5.640 billion, States – N18.801 billion, LGCs – N13.160 billion. N1.567 billion was allocated for Cost of Collection.
It also stated that a total of N39.745 billion was raised from Exchange Difference distributed to the three tiers of Government as follows: FG -N19.544 billion, States – N9.913 billion, the LGCs – N7.643 billion, while the Oil producing States received N2.645 billion.
Petroleum Profit Tax (PPT), Excise Duty, Electronic Money Transfer Levy (EMTL), and Oil and Gas Royalty all saw significant increases, while Value Added Tax (VAT) and Import Duty increased marginally. Company Income Tax (CIT) and CET Levies both decreased.
Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.
