FG, States, LGs Share N2.001 Trillion July Revenue

The Federation Account Allocation Committee (FAAC) has distributed N2.001 trillion among the Federal Government, states, and local government councils as July 2025 revenue. This allocation marks the second consecutive month of growth in allocations, with a 10% increase from the N1.818 trillion shared in June.

Here’s a breakdown of the allocation:
– Federal Government: N735.081 billion
– State Governments: N660.349 billion
– Local Government Councils: N485.039 billion
– Oil-producing States Derivation: N120.359 billion, representing 13% of mineral revenue

The distributable revenue comprised¹:
– Statutory Revenue: N1.282 trillion
– Value Added Tax (VAT): N640.610 billion
– Electronic Money Transfer Levy (EMTL): N37.601 billion
– Exchange Difference: N39.745 billion

From the VAT revenue, the Federal Government received N96.092 billion, State Governments received N320.305 billion, and Local Government Councils received N224.214 billion. The FAAC noted that Petroleum Profit Tax, Oil and Gas Royalty, EMTL, and Excise Duty increased significantly in July, while VAT and import duty recorded marginal increases.