The Federation Account Allocation Committee (FAAC) has disbursed a total of N2.001tn to the Federal Government, states, and local government councils as revenue for July 2025, marking the second consecutive month of growth in allocations.

The figure represents a 10 per cent rise from the N1.818tn shared in June, reflecting an increase of N183bn.

It also follows the 9.6 per cent growth recorded in June, underscoring a steady upward trend in federally distributable revenue.

Details of the disbursement were contained in a communiqué issued after the FAAC meeting in Abuja and released in a statement signed by the Director of Press and Public Relations at the Office of the Accountant-General of the Federation, Bawa Mokwa.

The statement partly read: “A total sum of N2.001tn, being July 2025 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils.”

According to the communiqué, the distributable revenue comprised N1.283tn statutory revenue, N640.610bn from Value Added Tax, N37.601bn from Electronic Money Transfer Levy, and N39.745bn from exchange difference.

It added: “Total gross revenue of N3.837tn was available in the month of July 2025. Total deduction for cost of collection was N152.681bn while total transfers, interventions, refunds and savings was N1.683tn.”

The gross statutory revenue for July stood at N3.070tn, lower by N415.108bn compared with N3.485tn recorded in June.

VAT collections, however, rose slightly to N687.940bn from N678.165bn in June, showing an increase of N9.775bn.

From the distributable pool of N2.001tn, the Federal Government received N735.081bn, states N660.349bn, and local government councils N485.039bn.

An additional N120.359bn, representing 13 per cent of mineral revenue, went to oil-producing states as derivation revenue.

Breaking down the allocations, the communiqué revealed that out of the N1.283tn statutory revenue, the Federal Government got N613.805bn, states N311.330bn, and councils N240.023bn, while N117.714bn went to derivation.

From the N640.610bn VAT revenue, the Federal Government received N96.092bn, states N320.305bn, and councils N224.214bn. For N37.601bn EMTL collections, N5.640bn went to the Federal Government, N18.801bn to states, and N13.160bn to councils.

On the N39.745bn exchange difference, the statement noted: “The Federal Government received N19.544bn and the State Governments received N9.913bn. The Local Government Councils received N7.643bn, while the sum of N2.643bn (13 per cent of mineral revenue) was shared to the benefiting States as derivation revenue.”

The FAAC also highlighted revenue performance trends, stating: “In July 2025, Petroleum Profit Tax, Oil and Gas Royalty, Electronic Money Transfer Levy and Excise Duty increased significantly while Value Added Tax and Import Duty increased marginally. Companies Income Tax and CET Levies recorded decreases.”

The July allocation is expected to enable governments at all tiers to meet expenditure needs, including salaries, debt servicing, and funding of capital projects.

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