The Federation Account Allocation Committee (FAAC) announced on September 17, 2025, that the Federal Government, states, and Local Government Councils shared N2.225 trillion in revenue for August 2025, marking an 11.2 percent increase from the N2.001 trillion distributed in July, according to a statement from the Office of the Accountant General of the Federation.

The allocation, finalized during a FAAC meeting in Abuja, comprised N1.478 trillion in statutory revenue, N672.903 billion from Value Added Tax (VAT), N32.338 billion from the Electronic Money Transfer Levy (EMTL), and N41.284 billion from Exchange Difference.

This marks the third consecutive month of revenue growth, as noted by The PUNCH. From the statutory revenue, the Federal Government received N684.462 billion, states got N347.168 billion, Local Government Councils received N267.652 billion, and oil-producing states were allocated N179.311 billion as 13 percent derivation revenue.

For VAT, the Federal Government received N100.935 billion, states N336.452 billion, and Local Governments N235.516 billion. The EMTL distribution allocated N4.851 billion to the Federal Government, N16.169 billion to states, and N11.318 billion to Local Governments.

From the Exchange Difference, the Federal Government received N19.799 billion, states N10.042 billion, Local Governments N7.742 billion, and oil-producing states N3.701 billion. The total gross revenue for August was N3.635 trillion, with deductions of N124.839 billion for collection costs and N1.285 trillion for transfers, interventions, refunds, and savings.

While VAT revenue rose to N722.619 billion from July’s N687.940 billion, statutory revenue fell to N2.838 trillion from N3.070 trillion, driven by declines in Petroleum Profit Tax, Import Duty, Companies Income Tax, Excise Duty, and EMTL, despite gains in oil and gas royalties, VAT, and CET levies.