The Federation Account Allocation Committee (FAAC) says it shared a total of N2.22 trillion among the three tiers of government in August.
The allotment is based on a gross total of N3.63 trillion.
According to a statement released on Wednesday, the FAAC announced the payouts at its September meeting in Abuja, which was led by Minister of Finance Wale Edun.
According to the statement, the federal government collected N810.05 billion from the allocation, which included gross statutory revenue, value added tax (VAT), electronic money transfer levy (EMTL), and exchange difference. States received N709.83 billion, while local governments shared N522.23 billion.
The FAAC stated that oil-producing states earned N183.01 billion as a 13 percent derivation.
The committee further stated that N124.84 billion was put aside for collecting costs, with N1.28 trillion going towards transfers, interventions, and refunds.
According to the statement, the gross revenue available from VAT in August was N722.61 billion, up from N687.94 billion the previous month, representing a N34.67 billion increase.
“From that amount, the sum of N28.905 Billion was allocated for the cost of collection and the sum of N20.811 Billion given for Transfers, Intervention and Refunds,” FAAC said.
“The remaining sum of N672.90 billion was distributed to the three tiers of government, of which the federal government got N100.93 billion, states received N336.45 billion and local governments got N235.51 billion.”
The committee reported N2.83 trillion in gross statutory revenue for the month, a decrease of N231.91 billion from the previous month’s N3.07 trillion total.
The sum of N94.58 billion was budgeted for collecting costs, with a total of N1.26 trillion for transfers, intervention, and refunds.
Out of the remaining balance of N1.47 trillion, the federal government received N684.46 billion, states received N347.16 billion, and local governments received N267.65 billion, with N179.31 billion allocated to oil-producing states as 13 percent derivation revenue.
FAAC stated that from the EMT of N33.68 billion, the federal government received N4.85 billion, states received N16.16 billion, local governments received N11.31 billion, and N1.34 billion was set aside for collecting costs.
The statement further stated that N41.28 billion in exchange difference was distributed to the federal government (N19.79 billion), states (N10.04 billion), and LGAs (N7.74 billion), while oil-producing states received N3.70 billion.
Furthermore, the FAAC reported a considerable increase in oil and gas royalty, VAT, and CET levies, while petroleum profit tax (PPT), import duty, EMTL, corporate income tax (CIT), and excise duty decreased.
According to the Communique, the total revenue distributable for the current month of August 2025 is N2.22 trillion, which includes N1.47 trillion in statutory revenue, N672.90 billion in VAT, N32.33 billion in EMTL, and N41.28 billion in exchange difference.
Speaking at the meeting, Edun commended FAAC members for “their diligent efforts in ensuring the effective allocation of resources to the various tiers of government”.
“Better days are ahead and I urge us to prioritise prudent management of public resources, ensuring that our nation’s wealth is utilised effectively to meet the needs of our citizens,” the minister said.
According to Edun, federal government changes are “yielding positive results”.
