Abuja – The Federation Account Allocation Committee (FAAC) has announced the distribution of N2.001 trillion as revenue for the month of July 2025, shared among the Federal Government, the 36 states, and the 774 local government councils.
The figure marks one of the highest monthly allocations recorded in recent years, reflecting improved revenue inflows from oil and non-oil sources. According to a communiqué issued at the end of the FAAC meeting in Abuja on Thursday, the disbursement comprises statutory revenue, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL), and Exchange Difference gains.
Breakdown of the allocation shows that the Federal Government received the largest share, followed by the state governments and local councils, in line with the established revenue-sharing formula. Oil-producing states also received additional allocations from the 13 percent derivation fund.
Officials noted that the boost in revenue was driven by higher crude oil earnings, exchange rate adjustments, and stronger tax collections. The committee emphasized that the funds would support the three tiers of government in meeting their expenditure obligations, including infrastructure, salaries, and social services.
FAAC reiterated its call for prudent fiscal management at all levels, stressing that the increased allocation provides an opportunity to strengthen economic stability and service delivery to citizens.
