The Federation Account Allocation Committee (FAAC) announced on Wednesday that a total of ₦2.225 trillion was shared among the federal, state, and local governments as revenue for August 2025. This amount reflects an increase of ₦224.118 billion, or 11.2 percent, compared to the ₦2.001 trillion distributed in July, marking the third consecutive month of rising revenue.
According to a statement issued by the Office of the Accountant General of the Federation, the allocation was finalized during the FAAC meeting held in Abuja. The shared revenue comprised income from statutory sources, value-added tax, the electronic money transfer levy, and exchange rate differences. The gross revenue for the month stood at ₦3.635 trillion, from which deductions were made for the cost of revenue collection and various transfers, interventions, and savings.
Despite the increase in total allocations, the statement noted that statutory revenue for August dropped slightly from July’s figure. However, VAT collections rose during the same period. While there were noticeable gains in oil and gas royalties, VAT, and certain levies, receipts from petroleum profit tax, company income tax, import and excise duties, and EMTL declined.
President Bola Tinubu, earlier in the month, confirmed that Nigeria had achieved its 2025 revenue target in August, crediting this milestone largely to gains made in the non-oil sector.
