Abuja, July 19, 2025 – The Federation Account Allocation Committee (FAAC) has shared N1.818 trillion among the three tiers of government from the federal government’s revenue in June 2025.
This is higher than the N1.659 trillion shared last month.
Bawa Mokwa, the Director of Press and Public Relations at the Office of the Accountant General of the Federation (OAGF), disclosed this in a statement on Saturday.
The statement said the allocation followed the July 2025 FAAC meeting of the Allocation Committee.
According to the communique issued at the end of the meeting, the gross revenue in June was N4.232 trillion out of which N162.786 billion was deducted as cost of collection, while N2.251 trillion was earmarked for transfers, interventions, refunds, and savings.
The total distributable revenue in the moth was N1.818 trillion which comprised N1.018 trillion from statutory revenue, N631.507 billion from Value Added Tax (VAT), N29.165 billion from Electronic Money Transfer Levy (EMTL), N38.849 billion as Exchange Difference revenue, and an additional N100 billion augmentation sourced from non-mineral revenue.
Out of the N1.818 trillion distributable revenue, the federal government was allocated N645.383 billion, State Governments N607.417 billion, while the Local Governments received N444.853 billion.
A total of N120.759 billion was shared among the oil-producing states as 13% derivation revenue.
