The Federation Account Allocation Committee (FAAC) has achieved the disbursement of ₦2.225 trillion as federation revenue for August 2025, marking the highest allocation in history under the administration of President Bola Ahmed Tinubu.
The disclosure was made on X in a statement posted on September 18, 2025, by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, who confirmed that this is the second consecutive month that FAAC allocations have surpassed the ₦2 trillion mark, according to The Nation.
The communiqué issued at the end of the FAAC meeting in Abuja attributed the record revenue to increased collections from oil and gas royalties, value-added tax (VAT), and common external tariff (CET) levies.
Of the total ₦2.225 trillion distributable revenue, FAAC stated that ₦1.478 trillion came from statutory revenue, ₦672.903 billion from VAT, ₦32.338 billion from the Electronic Money Transfer Levy (EMTL), and ₦41.284 billion from exchange difference.
The report further revealed that gross federation revenue for August stood at ₦3.635 trillion, from which ₦124.839 billion was deducted as cost of collection, while ₦1.285 trillion was earmarked for transfers, interventions, refunds, and savings.
Breakdown of allocations showed that from the ₦1.478 trillion statutory revenue, the Federal Government received ₦684.462 billion, the states ₦347.168 billion, and the local governments ₦267.652 billion, while ₦179.311 billion (representing 13% of mineral revenue) went to oil-producing states as derivation.
From the ₦672.903 billion VAT pool, the Federal Government received ₦100.935 billion, the states ₦336.452 billion, and the local governments ₦235.516 billion.
For the ₦32.338 billion EMTL, the Federal Government received ₦4.851 billion, the states ₦16.169 billion, and the local governments ₦11.318 billion.
Meanwhile, of the ₦41.284 billion exchange difference, the Federal Government received ₦19.799 billion, the states ₦10.042 billion, and the local governments ₦7.742 billion, with ₦3.701 billion allocated as derivation revenue to oil-producing states.
The landmark disbursement underscores the administration’s revenue drive and signals a new fiscal milestone in Nigeria’s federation account history.
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