The Federation Account Allocation Committee (FAAC) has shared a total sum of ₦2.001 trillion as July 2025 revenue among the Federal Government, State Governments, and Local Government Councils at its August 2025 meeting held in Abuja.
The ₦2.001 trillion distributable revenue comprised ₦1.282 trillion from statutory revenue, ₦640.610 billion from Value Added Tax (VAT), ₦37.601 billion from the Electronic Money Transfer Levy (EMTL), and ₦39.745 billion from Exchange Difference.
Bawa Mokwa, Director of Press and Public Relations in the Office of the Accountant-General of the Federation (OAGF), said in a communiqué issued by FAAC that the total gross revenue available in July 2025 was ₦3.836 trillion.
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Total deductions for the cost of collection amounted to ₦152.681 billion, while total transfers, interventions, refunds, and savings stood at ₦1.683 trillion.
According to the communiqué, gross statutory revenue for July 2025 was ₦3.070 trillion, which was lower than the ₦3.485 trillion recorded in June 2025 by ₦415.108 billion.
Gross VAT revenue for July 2025 stood at ₦687.940 billion, higher than the ₦678.165 billion recorded in June 2025 by ₦9.775 billion.
