The Federation Account Allocation Committee (FAAC) has announced that the Federal Government, states, and local governments shared a total of ₦2.2 trillion revenue for August 2025. The disclosure was made after FAAC’s monthly meeting held in Abuja on Thursday.
According to the committee’s communiqué, the revenue was derived from various sources, including statutory allocations, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL), and exchange rate gains. The distribution, FAAC explained, reflects both improved collection efforts and higher oil receipts.
Furthermore, the Federal Government received the largest share, while states and local governments also got significant allocations to fund critical services. In addition, a portion of the revenue was set aside for oil-producing states under the 13% derivation principle.
FAAC noted that the healthy revenue inflow will enable all tiers of government to meet financial obligations, particularly salaries, pensions, and infrastructure projects. Consequently, analysts believe the improved allocation could help reduce fiscal pressures amid ongoing economic reforms.
Moreover, the committee urged revenue-generating agencies to sustain their performance, stressing that efficient collection remains key to supporting government programs and stabilizing the economy.
With the August distribution, Nigeria’s fiscal authorities are optimistic that steady inflows will boost public spending while supporting policies aimed at tackling inflation and stimulating growth.
