The Federation Account Allocation Committee (FAAC) has disclosed that the federal, state and the local governments shared a total sum of N2.001 trillion from the revenue accruals to the Federation Account in July 2025
The N2.001 trillion total distributable revenue comprised statutory revenue of N1,282.872 trillion, Value Added Tax (VAT) revenue of N640.610 billion, Electronic Money Transfer Levy (EMTL) revenue of N37.601 billion, Exchange Difference N39.745 billion.
A communiqué issued by at the end of the FAAC meeting held in Abuja in August indicated that total gross revenue of N3,836.980 trillion was available in the month of July 2025. Total deduction for cost of collection was N152,681 billion while total transfers, interventions, refunds and savings was N1,683.471 trillion.
According to the communiqué, gross statutory revenue of N3,070.127 trillion was generated during the month of July, representing N3,485.235 trillion lower than collections in the month of June by N415.108 billion.
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The FAAC disclosed that gross revenue of N687.940 billion was available from the Value Added Tax (VAT) in July, which was higher than the N678.165 billion available in the preceding month by N9.775 billion.
The communiqué stated that from the N2,000.828 trillion total distributable revenue, the Federal Government received got of N735.081 billion and the state governments received N660.349 billion, local governments got N485.039 billion, while the sum of N120.359 billion (13% of mineral revenue) as derivation revenue was shared to the benefiting states
On the N1,282.872 trillion distributable statutory revenue, the communiqué stated that the Federal Government received N613.805 billion and the State Governments received N311.330 billion, local governments shared N240.023 billion and the sum of N117.714 billion (13% of mineral revenue) was shared to the benefiting states as derivation revenue.
Out of the N640.610 billion distributable Value Added Tax (VAT) revenue, the Federal Government got N96.092 billion, the state governments received N320.305 billion and the local governments received N224.214 billion.
A total sum of N5.640 billion was received by the Federal Government from the N37.601 billion, the state governments got N18.801 billion and the local governments received N13.160 billion.
From the N39.745 billion Exchange Difference, the communiqué stated that the Federal Government got N19.544 billion and the state governments received N9.913 billion, local governments shared N7.643 billion, while the sum of N2.643 billion (13% of mineral revenue) was shared to the benefiting states as derivation revenue.
In July 2025, Petroleum Profit Tax (PPT), Oil and Gas Royalty, Electronic Money Transfer Levy (EMTL) and Excise Duty significantly increased while Value Added Tax (VAT) and import Duty marginally rose while Companies Income Tax (CIT) and CET Levies declined.
