FG, states, LGs share record N2trn in July2025
Omeiza Bilal
A total sum of N2.001 trillion has been shared by the Federation Accounts Allocation Committee (FAAC), to the Federal Government, States and the Local Government Councils.
In its August meeting held Friday in Abuja, FAAC stated that the amount shared comprised distributable statutory revenue of N1,282.872 trillion, distributable Value Added Tax (VAT) revenue of N640.610 billion, Electronic Money Transfer Levy (EMTL) revenue of N37.601 billion, Exchange Difference N39.745 billion.
According to a communiqué it issued, the Committee indicated that total gross revenue of N3,836.980 trillion was available in the month of July 2025, with total cost of collection deducted put at N152,681 billion while total transfers, interventions, refunds and savings was N1,683.471 trillion.
The Committee stated that gross statutory revenue of N3,070.127 trillion was received for the month of July 2025, lower that N3,485.235 trillion received in the month of June 2025 by N415.108 billion.
Also, gross revenue of N687.940 billion was available from the Value Added Tax (VAT) in July 2025, higher than the N678.165 billion available in the month of June 2025 by N9.775 billion.
Out of the total distributable revenue, the Federal Government received total sum of N735.081 billion and the State Governments received total sum of N660.349 billion while the Local government Councils received N485.039 billion. The sum of N120.359 billion (13% of mineral revenue) was shared to the benefiting State as derivation revenue.
On the N1,282.872 trillion distributable statutory revenue, FAAC stated that the Federal Government received N613.805 billion and the State Governments received N311.330 billion, the Local Government Councils received N240.023 billion and the sum of N117.714 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.
From the N640.610 billion Value Added Tax (VAT) revenue, the Federal Government got N96.092 billion, the State Governments received N320.305 billion and the Local Government Councils took home N224.214 billion.
The sum of N5.640 billion was received by the Federal Government from the N37.601 billion, States received N18.801 billion and Local Government Councils received N13.160 billion.
On the N39.745 billion Exchange Difference, the Federal Government received N19.544 billion and States received N9.913 billion, Local Governments received N7.643 billion, while the sum of N2.643 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.
In the month under review, Petroleum Profit Tax (PPT), Oil and Gas Royalty, Electronic Money Transfer Levy (EMTL) and Excise Duty increased significantly while Value Added Tax (VAT) and import Duty increased marginally, just as Companies Income Tax (CIT) and CET Levies recorded decreases.
