Federal, State, Local Governments Share N2.22trn August Revenue

The Federation Account Allocation Committee (FAAC), astatine its September 2025 gathering chaired by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, shared a full sum of N2.225 trillion to the 3 tiers of authorities arsenic federation allocation for the period of August 2025 from a gross full of N3.635 trillion.

From the stated magnitude inclusive of gross statutory revenue, Value Added Tax (VAT), physics wealth transportation levy, and speech complaint gain, national authorities received N810.047 billion, the states got N709.831 billion, section authorities areas got N522.228 billion, portion lipid producing states were fixed N183.012 cardinal arsenic derivation (13% of mineral revenue).

The sum of N124.839 cardinal was fixed for the outgo of collection, portion N1.285 trillion was allocated for transfers involution and refunds.

A connection issued by the Federal Ministry of Finance indicated that the gross gross disposable from the VAT for the period of August 2025, was N722.619 cardinal arsenic against N687.940 cardinal distributed successful the preceeding month, indicating an summation of N34.679 billion.

From that amount, N28.905 cardinal was allocated for the outgo of postulation to gross generating agenciey. The sum of N20.811 cardinal was fixed for transfers, involution and refunds.

The remaining sum of N672.903 cardinal was distributed to the 3 of tiers of government, retired of which the national authorities got N100.935 billion, states received N336.452 cardinal and LGAs got N235.516 billion.

Accordingly, the statutory gross of N2.838 trillion received for the period was little than the sum of N3.070 trillion received successful the erstwhile period by N231.913 tillion .

From the stated amount, the sum of N94.587 trillion was allocated for the outgo of postulation and a full sum of N1.265 trillion for transfers, involution and refunds.

The remaining equilibrium of N1.478 trillion was distributed to the 3 tiers of authorities with the national authorities getting N684.462 billion, states, N347.168 cardinal portion the sum of N267.652 cardinal was allocated to LGAs and N179.311 cardinal was fixed to Derivation Revenue (13% mineral producing states).

Also, the sum of N33.685 cardinal from wealth transportation was distributed to the 3 tiers of authorities with the national authorities receiving N4.851 billion, states, N16.169 cardinal and LGAs receiving N11. 318 billion, portion N1.347 cardinal was allocated for outgo of collection.

The statenent added that the sum of N41.284 cardinal from speech quality was distributed to the 3 tiers of authorities with the national authorities getting N19.799 billion, states, N10.042 billion; LGAs, N7.742 cardinal portion lipid producing States received N3.701 billion.

Oil and state royalty, VAT and CET levies accrued significantly, portion petroleum nett tax, import duty, physics wealth transfer, companies income taxation and excise work recorded decreases successful August.

The full gross distributable for the existent period of August 2025, was drawn from statutory gross of N1.478 trillion, VAT – N672.903 billion, N32.338 cardinal from wealth transportation levy and the sum of N41.284 cardinal from speech difference, bringing the full distributable magnitude for the period to N2.225 trillion.

Ealier, successful his opening remarks, the Minister of Finance commended FAAC Committee for its diligent efforts successful ensuring the effectual allocation of resources to the assorted tiers of government.

He noted that the economical reforms embarked upon by the Federal Government were yielding affirmative results and that corporate efforts volition proceed to thrust maturation and development.

The Minister assured that amended days were up and expressed optimism astir the aboriginal of the nation’s economy. “As we proceed to enactment together, I impulse america to prioritise prudent absorption of nationalist resources, ensuring that our nation’s wealthiness is utilised efficaciously to conscionable the needs of our citizens,” Edun stated.