The Federation Account Allocation Committee (FAAC) has shared a total of ₦2.001 trillion in revenue for July 2025 among the Federal Government, states, and local government councils. This represents a decline from the ₦2.152 trillion distributed in June 2025.
Distribution breakdown
The distributable revenue of ₦2.001 trillion for July was made up of:
₦1.282 trillion from statutory allocations
₦640.610 billion from Value Added Tax (VAT)
₦37.601 billion from the Electronic Money Transfer Levy (EMTL)
₦39.745 billion from exchange rate differences
Allocations to the three tiers of government
Federal government: ₦735.081 billion
State governments: ₦660.349 billion
Local government councils: ₦485.039 billion
13% Derivation Fund (oil-producing states): ₦120.359 billion
Breakdown by revenue component
- Statutory Revenue (₦1.282 trillion)
Federal government: ₦613.805 billion
States: ₦311.330 billion
Local councils: ₦240.023 billion
Derivation: ₦117.714 billion
- VAT (₦640.610 billion)
Federal government: ₦96.092 billion
States: ₦320.305 billion
Local councils: ₦224.214 billion
- EMTL (₦37.601 billion)
Federal government: ₦5.640 billion
States: ₦18.801 billion
Local councils: ₦13.160 billion
- Exchange difference (₦39.745 billion)
Federal government: ₦19.544 billion
States: ₦9.913 billion
Local councils: ₦7.643 billion
Derivation: ₦2.643 billion
Revenue performance: July vs June 2025
Total distributable revenue: ₦2.001 trillion (July) vs ₦2.152 trillion (June) → ₦151 billion decrease
Statutory revenue: ₦1.282 trillion (July) vs ₦1.451 trillion (June) → ₦169 billion decrease
VAT: ₦640.610 billion (July) vs ₦630.566 billion (June) → ₦10 billion increase
EMTL: ₦37.601 billion (July) vs ₦38.206 billion (June) → ₦605 million decrease
Exchange difference: ₦39.745 billion (July) vs ₦31.234 billion (June) → ₦8.511 billion increase
Summary
The July 2025 FAAC allocation is a drop of over ₦151 billion compared to June, largely due to a fall in statutory revenue. However, slight gains were recorded in VAT collections and exchange rate adjustments, which provided some balance. The Federal Government, states, and local governments are expected to adjust their expenditure planning to reflect this revenue decline.
