LThe Federation Account Allocation Committee on Wednesday said the Federal Government, states, and Local Government Councils shared a total of N2.225tn as August 2025 revenue, representing an increase of N224.118bn or 11.2 per cent compared with the N2.001tn distributed for July.

The Office of the Accountant General of the Federation, in a statement on Wednesday by its Director of Press and Public Relations, Bawa Mokwa, explained that the allocation was made at the FAAC meeting held in Abuja.

“A total sum of N2.225tn, being August 2025 Federation Account Revenue, has been shared to the Federal Government, states, and the Local Government Councils,” the statement read.

It was observed that the increase marked the third consecutive month of growth in revenue shared. According to the statement, the N2.225tn distributable revenue comprised statutory revenue of N1.478tn,

Value Added Tax revenue of N672.903bn, Electronic Money Transfer Levy revenue of N32.338bn, and Exchange Difference of N41.284bn.

“Total gross revenue of N3.635tn was available in the month of August 2025. Total deduction for cost of collection was N124.839bn while total transfers, interventions, refunds, and savings were N1.285tn,” the statement added.