FG, States, LGCs Share N2trn from Federally Collected Revenue
The federal government (FG), states, and local government councils shared N2 trillion from July’s federally collected revenue, according to the nation’s finance ministry.
The Federation Account Allocation Committee (FAAC), at its August 2025 meeting chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, shared a total sum of N2.001 trillion to the three tiers of government as Federation Allocation for the month of July 2025 from a gross total of N3.836 trillion.
The federally collected amount includes gross statutory revenue, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL), and exchange difference. The finance ministry said federal government received N735.081 billion, the states received N660.349 billion, and the local government councils got N485.039 billion.
Also, the oil-producing states received N120.359 billion as derivation (13% of mineral revenue). The sum of N152.681 billion was given for the cost of collection, while N1.683 trillion was allocated for transfers, intervention, and refunds.
The Communique issued by the Federation Account Allocation Committee (FAAC) at the end of the meeting indicated that the Gross Revenue available from the Value Added Tax (VAT) for the month of July 2025 was N687.940 billion as against N678.165 billion distributed in the preceding month, resulting in an increase of N9.775 billion.
From that amount, the sum of N27.517 billion was allocated for the cost of collection, and the sum of N19.813 billion was given for transfers, intervention, and refunds.
The remaining sum of N640.610 billion was distributed to the three tiers of government, of which the Federal Government got N96.092 billion, the states received N320.305 billion, and local government councils got N224.214 billion.
Accordingly, the Gross Statutory Revenue of N3.070 trillion received for the month was lower than the sum of N3.485 trillion received in the previous month by N415.108 billion. #FG, States, LGCs Share N2trn from Federally Collected Revenue Nigeria’s Borrowing Cost Eased as African Eurobonds Rally
