₦airaland Forum

The Federation Account Allocation Committee on Wednesday said the Federal Government, states, and Local Government Councils shared a total of N2.225tn as August 2025 revenue, representing an increase of N224.118bn or 11.2 per cent compared with the N2.001tn distributed for July.

The Office of the Accountant General of the Federation, in a statement on Wednesday by its Director of Press and Public Relations, Bawa Mokwa, explained that the allocation was made at the FAAC meeting held in Abuja.

“A total sum of N2.225tn, being August 2025 Federation Account Revenue, has been shared to the Federal Government, states, and the Local Government Councils,” the statement read. The PUNCH observed that the increase marked the third consecutive month of growth in revenue shared.

According to the statement, the N2.225tn distributable revenue comprised statutory revenue of N1.478tn, Value Added Tax revenue of N672.903bn, Electronic Money Transfer Levy revenue of N32.338bn, and Exchange Difference of N41.284bn.

“Total gross revenue of N3.635tn was available in the month of August 2025. Total deduction for cost of collection was N124.839bn while total transfers, interventions, refunds, and savings were N1.285tn,” the statement added.

Breakdown of the statutory allocation showed that from the N1.478tn statutory revenue, the Federal Government received N684.462bn, states received N347.168bn, while local government councils got N267.652bn. Oil-producing states received N179.311bn as 13 per cent derivation revenue.

From the N672.903bn VAT revenue, the Federal Government received N100.935bn, states received N336.452bn, and Local Governments received N235.516bn.

On EMTL, FAAC said the Federal Government received N4.851bn, states N16.169bn, and local governments N11.318bn from the total of N32.338bn.

From the N41.284bn Exchange Difference, the Federal Government got N19.799bn, the states N10.042bn, Local Governments N7.742bn, while N3.701bn went to oil-producing states as derivation revenue.

The statement noted that gross statutory revenue of N2.838tn was recorded in August, lower than the N3.070tn received in July, representing a drop of N231.913bn. It further disclosed that VAT gross revenue stood at N722.619bn in August, higher than the N687.940bn recorded in July, reflecting an increase of N34.679bn.

It[b] added that while oil and gas royalties, VAT, and CET levies recorded significant increases, receipts from Petroleum Profit Tax, Import Duty, Companies Income Tax, Excise Duty, and EMTL declined.[/b]

President Bola Tinubu, earlier in September 2025, announced that Nigeria hit its 2025 revenue target in August, driven largely by proceeds from the non-oil sector.

SmartPolician:
When you see this figure, you will think it's a lot until you convert it to USD

Deltafirstson:
Although the pump price of fuel was N197 when President Bola Tinubu took over on May 29, 2023, the product now sells for N617 per litre – less than two months after.

In his inaugural address, Tinubu announced that subsidy was gone, fulfilling a promise that all leading presidential candidates made during the campaign.

However, pump price of fuel hit N537 per litre days after Tinubu ended subsidy.

On Tuesday, the price climbed further to N617, a development that the Nigerian National Petroleum Corporation Limited (NNPCL) attributed to “market forces”.

Nigerians have been lamenting the hardship occasioned by fuel price hike. Amid the lamentation, a video where Tinubu campaigned to slash the price of fuel went into circulation.

Checks by Daily Trust affirmed the authenticity of the video uploaded on the YouTube page of Channels Television.

At his campaign rally in Abeokuta, Ogun State capital, on January 25, 2023, Tinubu spoke on a number of issues, but those of fuel scarcity and naira redesign made the headlines.

However, Tinubu who spoke in Yoruba language, also assured the crowd that though people were saying petrol price would hit N200, it would be reviewed downward under him.

“The great Nigerian youths, the great Nigerian students, the confident Nigerian youths. This is a revolution. This election is a revolution. They are plotting, but they will fail. They said fuel price will increase and reach N200 per litre. Go and relax, we will bring it down,” he had said in the 7th minute of the video.

King Wasiu Ayinde Marshall, a Fuji musician who performed at the rally, interrupted the president’s speech with chants as the crowd cheered.

On the campaign podium with the president were Vice-President Kashim Shettima; Pa Bisi Akande, interim National Chairman of the APC; Femi Gbajabiamila, Chief of Staff to the President; Senator Gbenga Daniel; among other bigwigs of the ruling party.

Tinubu went further to say Nigerians would defy the acute fuel scarcity at the time and trek to cast their votes.

“The great Nigerian youths, the great Nigerian students, the confident Nigerian youths. This is a revolution. This election is a revolution. They are plotting, but they will fail. They said fuel price will increase and reach N200/N500 per litre. Go and relax, we will crash the prices,” he had said.

https://dailytrust.com/breaking-video-of-tinubu-campaigning-to-crash-fuel-

he had said in the 7th minute of the video.



https://www.youtube.com/watch?v=4JH8CC_JdUA

donmixc:
southern governors is time for owambe
time to carry olosho

Dannyset:
Governors will flex their side chicks again.

So bad!

anonimi:
“The worst illiterate is the political illiterate, he doesn’t hear, doesn’t speak, nor participates in the political events.

He doesn’t know the cost of life, the price of the bean, of the fish, of the flour, of the rent, of the shoes and of the medicine, all depends on political decisions. The political illiterate is so stupid that he is proud and swells his chest saying that he hates politics.

The slowpoke doesn’t know that, from his political ignorance is born the prostitute, the abandoned child, and the worst thieves of all, the bad politician, corrupted and flunky of the national and multinational companies.”

― Bertolt Brecht

dibunotion:
Where all this money come dey go, because nothing really change

Ibebeh:
https://punchng.com/fg-states-lgs-shared-n2-2tn-august-revenue-faac/

seunmsg:
It is Owanbe and not Owambe. Stop Ibonizing Yoruba words.

seunmsg:
Electronic Money Transfer Levy revenue of N32.338bn

The above caught my attention. I’m glad the Federation account is accounting for this separately so that Nigerians can all see where the charges they pay on bank transfers are going into. Again, you all should hold your governors accountable.

ManirBK:
Aug 28, 2023

The Federal Government says it has no intention to borrow from any local or foreign organisation with its removal of subsidy on petrol and exchange rate harmonisation.

The Minister of Finance and Coordinating Minister for the Economy, Chief Wale Edun, revealed this at the end of the inaugural Federal Executive Council meeting on Monday in Abuja.

He said that the benefit of the subsidy removal would be ploughed back into various sectors aimed at boosting government revenue and improving the business environment for local and foreign investment.

Edun said that with the increased revenue from subsidy removal, various palliatives have been made available to cushion its effect on a short, medium and long-term basis.

He reiterated the President Bola Tinubu-led administration’s desire to bring back the economy from the wood it has found itself over time.

https://www.vanguardngr.com/2023/08/fg-ends-borrowing-finance-minister/amp/

seunmsg:
It is Owanbe and not Owambe. Stop Ibonizing Yoruba words.

SmartPolician:
When you see this figure, you will think it's a lot until you convert it to USD. Nigeria is an extremely poor country and she needs creative minds to start creating wealth.

If not, the level of poverty that will befall this country in the coming years will be unprecedented. We are already seeing the signs.