The Federation Account Allocation Committee (FAAC) has introduced the disbursement of N2.22 trillion to the three tiers of presidency as income allocation for August 2025.
The allocation, which was drawn from a gross income of N3.63 trillion, was disclosed in a press release issued on Wednesday by the Ministry of Finance following the committee’s assembly in Abuja in September.
The session was chaired by Wale Edun, Minister of Finance and Coordinating Minister of the Economic system.
In keeping with the assertion, from the allocation inclusive of gross statutory income, value-added tax (VAT), digital cash switch levy (EMTL), and change distinction, the federal authorities acquired N810.05 billion, the states acquired N709.83 billion, and native governments shared N522.23 billion.
FAAC stated oil-producing states acquired N183.01 billion as 13 per cent derivation.
The committee additionally stated N124.84 billion was put aside as the price of assortment, whereas N1.28 trillion went into transfers, interventions and refunds.
The communique additional stated the gross income obtainable from the VAT for August was N722.61 billion, as towards N687.94 billion distributed within the previous month, leading to a rise of N34.67 billion.
“From that quantity, the sum of N28.905 Billion was allotted for the price of assortment and the sum of N20.811 Billion given for Transfers, Intervention and Refunds,” FAAC stated.
FG receives N100.93 billion
From the distributable income, the federal authorities acquired N100.93 billion, states acquired N336.45 billion and native governments acquired N235.51 billion.
Additionally, the committee stated gross statutory income of N2.83 trillion acquired for the month was decrease than the sum of N3.07 trillion acquired within the earlier month by N231.91 billion.
From the quantity, the sum of N94.58 billion was allotted for the price of assortment and a complete sum of N1.26 trillion for transfers, intervention and refunds.
Out of the remaining steadiness of N1.47 trillion, the federal authorities acquired N684.46 billion, states acquired N347.16 billion, and native governments acquired N267.65 billion, whereas N179.31 billion was given to oil-producing states as 13 per cent derivation income.
FAAC stated that from the EMT of N33.68 billion, the federal authorities acquired N4.85 billion, states acquired N16.16 billion, native governments acquired N11.31 billion, whereas N1.34 billion was allotted for the price of assortment.
The communique additionally stated that N41.28 billion from change variations was distributed to the federal authorities (N19.79 billion), states (N10.04 billion), and the LGAs (N7.74 billion), whereas the oil-producing states acquired N3.70 billion.
As well as, FAAC stated oil and gasoline royalty, VAT and CET levies elevated considerably, whereas petroleum revenue tax (PPT), import responsibility, EMTL, corporations’ revenue tax (CIT) and excise responsibility recorded decreases.
In keeping with the Communique, the full income distributable for the present month of August 2025 was drawn from statutory income of N1.47 trillion, VAT of N672.90 billion, N32.33 billion EMTL, and the sum of N41.28 billion from change distinction, bringing the full distributable quantity for the month to N2.22 trillion.
What you must know
Nairametrics reported that FAAC distributed a complete sum of N2.001 trillion in July 2025.
Not too long ago, Edun has described the discharge of Nigeria’s 2024 rebased Gross Home Product (GDP). Finance Minister Edun described the Q1 2025 progress estimate of three.13% as a transparent indicator of financial resilience and the success of ongoing reforms.
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