The FAAC August 2025 revenue rose significantly, with FG, states, and Local Government Councils sharing N2.225tn allocation.
This represents an increase of N224.118bn or 11.2 percent compared with the N2.001tn shared in July.
The Office of the Accountant General confirmed the allocation in Abuja through Director of Press and Public Relations, Bawa Mokwa.
The FAAC August 2025 revenue comprised statutory revenue of N1.478tn, VAT revenue of N672.903bn, EMTL revenue of N32.338bn, and Exchange Difference.
From statutory revenue of N1.478tn, FG received N684.462bn, states N347.168bn, LGAs N267.652bn, while oil states got N179.311bn.
From N672.903bn VAT, FG got N100.935bn, states N336.452bn, while Local Government Councils shared N235.516bn allocation.
On EMTL, FG received N4.851bn, states N16.169bn, and Local Governments N11.318bn from the total of N32.338bn.
From N41.284bn Exchange Difference, FG got N19.799bn, states N10.042bn, LGAs N7.742bn, and oil states N3.701bn derivation.
Gross statutory revenue recorded in August was N2.838tn, lower than N3.070tn received in July, showing N231.913bn decline.
Meanwhile, VAT gross revenue increased to N722.619bn in August from N687.940bn recorded in July, rising by N34.679bn.
FAAC disclosed that oil royalties, VAT, and CET levies recorded increases, while Petroleum Profit Tax, Import Duty, and others declined.
