The Federal, State, and Local Government Areas in Nigeria have shared a total of ₦2.001 trillion in revenue from the Federation Account for July 2025. The allocation was made at the Federation Account Allocation Committee (FAAC) meeting held in Abuja.

Revenue Breakdown

– Federal Government: ₦735.081 billion
– State Governments: ₦660.349 billion
– Local Government Councils: ₦485.039 billion
– Oil-Producing States: ₦120.359 billion as 13% derivation revenue

Revenue Sources

– Statutory Revenue: ₦1.282 trillion
– Federal Government: ₦613.805 billion
– State Governments: ₦311.330 billion
– Local Councils: ₦240.023 billion
– Oil-Producing States: ₦117.714 billion
– Value Added Tax (VAT): ₦640.610 billion
– Federal Government: ₦96.092 billion
– State Governments: ₦320.305 billion
– Local Councils: ₦224.214 billion
– Electronic Money Transfer Levy: ₦37.601 billion
– Federal Government: ₦5.640 billion
– State Governments: ₦18.801 billion
– Local Councils: ₦13.160 billion
– Exchange Difference: ₦39.745 billion
– Federal Government: ₦19.544 billion
– State Governments: ₦9.913 billion
– Local Councils: ₦7.643 billion
– Derivation Revenue: ₦2.643 billion

Revenue Performance

– Gross statutory revenue in July was ₦3.070 trillion, ₦415.108 billion lower than June’s ₦3.485 trillion
– Value Added Tax revenue increased slightly to ₦687.940 billion in July from ₦678.165 billion in June
– Significant increases were recorded in Petroleum Profit Tax (PPT), Oil and Gas Royalty, Electronic Money Transfer Levy, and Excise Duty, while Companies Income Tax (CIT) and Common External Tariff (CET) levies decreased.