FG, States, LGs Share N2trn July Revenue

FG, States, LGs Share N2trn July Revenue

The Federation Account Allocation Committee (FAAC) has shared N2.001 trillion among the federal, state, and local governments as July 2025 revenue.

Breakdown:

FG: N735.08bn

States: N660.35bn

LGs: N485.04bn

Derivation (oil-producing states): N120.36bn

The revenue came from statutory allocations, VAT, Electronic Money Transfer Levy, and exchange gains.

Statutory collections dropped to N3.07trn in July from N3.49trn in June, while VAT rose slightly to N687.94bn