The Federation Account Allocation Committee (FAAC) has disbursed an unprecedented N2.001 trillion from July 2025 revenues to the three tiers of government—marking the highest monthly allocation this year.
The disbursement, confirmed at the August 2025 FAAC meeting in Abuja, was sourced from statutory revenues, Value Added Tax (VAT), the Electronic Money Transfer Levy (EMTL), and exchange rate gains.
According to Mr. Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant General, the shared amount included N1.282 trillion in statutory revenue, N640.610 billion from VAT, N37.601 billion from EMTL, and N39.745 billion in exchange difference.
