• FAAC
• N2.225 Trillion

FAAC DISBURSES RECORD N2.225 TRILLION TO NIGERIAN GOVERNMENT TIERS FOR AUGUST 2025

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  CapitalTimesNews / 3 months
• 0
• 2 min read

The Federation Account Allocation Committee (FAAC) has distributed a record N2.225 trillion to the three tiers of government and other statutory recipients for August 2025, marking the highest monthly disbursement in Nigeria’s history. This is the second consecutive month allocations have surpassed N2 trillion, driven by improved receipts from oil and gas royalties, Value-Added Tax (VAT), and Common External Tariff (CET) levies. Total gross revenue stood at N3.635 trillion, with N124.839 billion deducted for cost of collection and N1.285 trillion set aside for transfers, interventions, and savings, leaving a net distributable amount of N2.225 trillion. Breakdown of statutory revenue of N1.478 trillion shows allocations as follows: Federal Government got N684.462 billion, states N347.168 billion, local governments N267.652 billion, and oil-producing states N179.311 billion via 13% derivation. From VAT of N672.903 billion: Federal Government received N100.935 billion, states N336.452 billion, and local governments N235.516 billion. Electronic Money Transfer Levy (EMTL) of N32.338 billion was shared with Federal Government getting N4.851 billion, states N16.169 billion, local governments N11.318 billion. Exchange difference of N41.284 billion saw Federal Government get N19.799 billion, states N10.042 billion, local governments N7.742 billion, with N3.701 billion for derivation to oil-producing states. FAAC noted the rising trend reflects stronger inflows from both oil and non-oil sectors, underscoring improved revenue performance.