The Federation Account Allocation Committee (FAAC) has shared a total of ₦2.001 trillion among the Federal, State, and Local Governments for July 2025.
According to the Office of the Accountant General of the Federation, the distributable revenue comprised ₦1.28 trillion statutory revenue, ₦640.61 billion Value Added Tax (VAT), ₦37.6 billion Electronic Money Transfer Levy (EMTL), and ₦39.7 billion from exchange differences.
From the total, the Federal Government received ₦735.08 billion, States ₦660.35 billion, and Local Governments ₦485.04 billion. Derivation states received ₦120.36 billion.
FAAC disclosed that gross statutory revenue in July was ₦3.07 trillion, a decline of ₦415 billion compared to June, though VAT collections rose slightly.
Petroleum Profit Tax, oil royalties, EMTL, and excise duty recorded increases, while Company Income Tax and import duty declined.
The committee noted that a total of ₦3.83 trillion was available in July, but ₦1.68 trillion was deducted for transfers, interventions, and savings, alongside ₦152 billion collection costs.
The allocation, FAAC said, reflects government efforts to maintain fiscal balance amid fluctuating revenues.
