It said that out of the N672.90 billion VAT revenue, the Federal Government received N100.94 billion, state governments received N336.45 billion, and LGs received N235.52 billion.
18th September 2025 06:18 PM 
The Federal Government, states, and local Government Councils have shared N2.25 trillion from the federation account as revenue for August.
The disbursement was made during the Federation Account Allocation Committee meeting held in Abuja.
According to a communiqué issued by FAAC, the N2.25 trillion distributable revenue comprised N1.48 trillion statutory revenue and N672.90 billion Value Added Tax, VAT, stating that it also comprised N32.34 billion Electronic Money Transfer Levy and N41.28 billion from Exchange Difference.
The communiqué said that the total gross revenue available in August was N3.64 trillion, stressing that VAT revenue rose to N722.62 billion in August compared to N687.94 billion in July, showing an increase of N34.68 billion.
It said that out of the N672.90 billion VAT revenue, the Federal Government received N100.94 billion, state governments received N336.45 billion, and LGs received N235.52 billion.
The communiqué further said that gross statutory revenue in August stood at N2.84 trillion, a drop of N231.91 billion compared to N3.07 trillion recorded in July.
It said that oil and gas royalties, VAT, and CET levies recorded increases, while revenues from Petroleum Profit Tax, Companies Income Tax, import duty, EMTL, and excise duty declined.
