The Federation Account Allocation Committee (FAAC) has shared a record N2.001 trillion from the July 2025 Federation Account Revenue to the three tiers of government, the highest monthly allocation so far this year.
According to the Office of the Accountant General, the distributable revenue comprised N1.282 trillion statutory revenue, N640.610 billion from Value Added Tax (VAT), N37.601 billion from the Electronic Money Transfer Levy (EMTL), and N39.745 billion from exchange gains. From the total, the Federal Government received N735.081 billion, states N660.349 billion, local governments N485.039 billion, while N120.359 billion was allocated to oil-producing states as derivation.
Breakdown shows that out of statutory revenue, the FG got N613.805 billion, states N311.330 billion, LGAs N240.023 billion, and derivation N117.714 billion. From VAT, FG received N96.092 billion, states N320.305 billion, and LGAs N224.214 billion. EMTL was shared as FG N5.640 billion, states N18.801 billion, LGAs N13.160 billion. From exchange difference, FG took N19.544 billion, states N9.913 billion, LGAs N7.643 billion, with N2.643 billion for derivation.
Officials noted that Petroleum Profit Tax, royalties, EMTL, and excise duty recorded significant increases, while Companies Income Tax (CIT) and CET levies declined. The unprecedented allocation is expected to ease fiscal pressures and boost service delivery across all levels of government.