The Federation Account Allocation Committee has announced that the Federal Government, states, and Local Government Councils shared a total of N2.225 trillion as August 2025 revenue.

This represents an 11.2 per cent increase, or N224.118 billion, compared to the N2.001 trillion distributed in July.

According to the Office of the Accountant General of the Federation, the allocation was made at the FAAC meeting held in Abuja.

“A total sum of N2.225 trillion, being August 2025 Federation Account Revenue, has been shared to the Federal Government, states, and the Local Government Councils,” the statement read. The increase marks the third consecutive month of growth in revenue shared.

The N2.225 trillion distributable revenue comprised statutory revenue of N1.478 trillion, Value Added Tax revenue of N672.903 billion, Electronic Money Transfer Levy revenue of N32.338 billion, and Exchange Difference of N41.284 billion.

“Total gross revenue of N3.635 trillion was available in the month of August 2025. Total deduction for cost of collection was N124.839 billion while total transfers, interventions, refunds, and savings were N1.285 trillion,” the statement added.

The breakdown of the statutory allocation shows that from the N1.478 trillion statutory revenue, the Federal Government received N684.462 billion, states received N347.168 billion, while local government councils got N267.652 billion. Oil-producing states received N179.311 billion as 13% derivation revenue.

From the N672.903 billion VAT revenue, the Federal Government received N100.935 billion, states received N336.452 billion, and Local Governments received N235.516 billion.

On EMTL, FAAC said the Federal Government received N4.851 billion, states N16.169 billion, and local governments N11.318 billion from the total of N32.338 billion.

President Bola Tinubu had earlier announced that Nigeria hit its 2025 revenue target in August, driven largely by proceeds from the non-oil sector.

“Today, I can stand before you to brag, Nigeria is not borrowing. We have met our revenue target for the year, and we met it in August,” Tinubu said, attributing the progress to improved non-oil revenue performance.