The federal, state, and local governments have shared a total of ₦2.001 trillion as July 2025 Federation Account revenue.
The allocation was confirmed at the Federation Account Allocation Committee (FAAC) meeting held in Abuja on Friday.
According to a communiqué issued by the Office of the Accountant General of the Federation, the distributable sum consisted of:
₦1.283 trillion statutory revenue
₦640.610 billion Value Added Tax (VAT) revenue
₦37.601 billion from the Electronic Money Transfer Levy (EMTL)
₦39.745 billion from Exchange Difference
The gross statutory revenue for July stood at ₦3.070 trillion, lower than the ₦3.485 trillion recorded in June by ₦415.1 billion. However, VAT collections improved slightly, rising to ₦687.94 billion from ₦678.16 billion in June.
Breakdown of Distribution
Federal Government: ₦735.081 billion
State Governments: ₦660.349 billion
Local Government Councils: ₦485.039 billion
Derivation (13% of mineral revenue): ₦120.359 billion
From the statutory revenue alone, the Federal Government received ₦613.805 billion, states ₦311.330 billion, and LGs ₦240.023 billion, with ₦117.714 billion allocated as derivation to oil-producing states.
From VAT, the FG got ₦96.092 billion, states ₦320.305 billion, and LGs ₦224.214 billion.
From EMTL, FG received ₦5.640 billion, states ₦18.801 billion, and LGs ₦13.160 billion.
From exchange difference, FG received ₦19.544 billion, states ₦9.913 billion, LGs ₦7.643 billion, while derivation states shared ₦2.643 billion.
The communiqué further noted that Petroleum Profit Tax, Oil and Gas Royalty, EMTL, and Excise Duty recorded significant increases, while VAT and import duty rose marginally. In contrast, Companies Income Tax (CIT) and CET levies witnessed declines.
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