Faac N2.2TRN AUGUST Revenue actions to FG, States, LGS …

The Federation account allocation committee (FAAC) shared N2.225,118 trillion of income of the account of the Federation of August 2025 to the Federal Government, to the States and the Councils of the Local Government.

The revenues were shared at the August Faac meeting held in Abuja.

A press release issued by the FAAC on Wednesday 17 September 2025, said that the N2.225,118 Top -distributable trillion revenues include distributable statutory revenues of N1,478.593 billion, N338 in N338 and EMTL entrances). N41,284 billion.

The Committee revealed that the total gross revenues of N3,635.802 billion were available in August, stating that the total deduction for the cost of the collection was

According to FAAC, the gross revenues of N722,619 billion were available from VAT in August compared to N687,940 billion distributed in the month Procedure, with an increase in N34.679 billion.

The FAAC has declared that from $ 1,478.593 billion of distributable revenue in total, the Federal Government received N684.462 billion in N684,462 and state governments have received a total sum of N347.168 billion

The Local Government Council received N267,652 billion, while the sum of N179.311 billion (13% of mineral revenues) were shared with the state of benefit as derivation entrances.

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From the distributable VAT revenues distributable N672,903 billion, the federal government received N100,935 billion, state governments received N336.452 billion and the advice of the local government received N235.516 billion.

N4,851 billion were received by the Federal Government by the N32,338 billion from the EMTL. State governments received n16,169 billion, while the local government’s advice received n11,318 billion.

The Faac has declared from the N41,284 billion from the difference in exchange, the federal government received n19,799 billion and state governments received N10,042 billion.

The advice of the local government received N7,742 billion, while N3,701 billion (13% of mineral revenues) were shared to the states of benefit as derivation revenues.

He added that in August, the gross legal revenues of N2,838.214 billion received were lower than the sum of N3,070.127 billion received in July by N231.913 billion.

The Committee observed that oil and gas royalty, VAT and Levies Cet have increased significantly while the tax on oil profit (PPT), the duty to import, the EMT, the income tax of companies (cit) and the registered excise dresses decrease.

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