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The Federation Account Allocation Committee (FAAC) has shared a record N2.225 trillion among the three tiers of government and other statutory recipients for August 2025 — the highest monthly disbursement in the country’s history.

This marks the second consecutive month that FAAC allocations have exceeded the N2 trillion threshold, a development buoyed by increases in oil and gas royalties, value-added tax (VAT), and common external tariff (CET) collections.

According to a communiqué issued after its meeting in Abuja, gross federation revenue for the month stood at N3.635 trillion. From this, N124.839 billion was deducted as cost of collection, while N1.285 trillion was set aside for transfers, interventions, refunds, and savings.

The balance of N2.225 trillion was shared as follows:

• Statutory Revenue (N1.478 trillion): Federal Government, N684.462 billion; States, N347.168 billion; Local Governments, N267.652 billion; Oil-producing states (13% derivation), N179.311 billion.
• VAT (N672.903 billion): Federal Government, N100.935 billion; States, N336.452 billion; Local Governments, N235.516 billion.
• Electronic Money Transfer Levy (N32.338 billion): Federal Government, N4.851 billion; States, N16.169 billion; Local Governments, N11.318 billion.
• Exchange Difference (N41.284 billion): Federal Government, N19.799 billion; States, N10.042 billion; Local Governments, N7.742 billion; Oil-producing states (13% derivation), N3.701 billion.

FAAC noted that the historic allocation reflects stronger revenue performance across multiple streams and provides more fiscal space for all tiers of government to fund their obligations.