BREAKING: FG, state, local governments share N2.001trn July revenue
The three tiers of Nigerian government, federal, state, and local government councils, have shared the total of N2.001 trillion, being the July 2025 Federation Account Revenue
The revenue was shared at the August 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja.
The N2.001 trillion total distributable revenue comprised distributable statutory revenue of N1,282.872 trillion, distributable Value Added Tax (VAT) revenue of N640.610 billion, Electronic Money Transfer Levy (EMTL) revenue of N37.601 billion, and Exchange Difference of N39.745 billion.
According to the communiqué made available to DAILY POST on Friday by the spokesperson for the Office of the Accountant General of the Federation, Bawa Mokwa, the gross statutory revenue of N3,070.127 trillion was received for the month of July 2025. This was lower than the sum of N3,485.235 trillion received in the month of June 2025 by N415.108 billion.
According to the communiqué made available to DAILY POST by the spokesperson for the Office of the Accountant General of the Federation, gross statutory revenue of N3,070.127 trillion was received for the month of July 2025. This was lower than the sum of N3,485.235 trillion received in the month of June 2025 by N415.108 billion.
Gross revenue of N687.940 billion was available from the Value Added Tax (VAT) in July 2025. This was higher than the N678.165 billion available in the month of June 2025 by N9.775 billion.
