Nigeria’s Federal Government, states, and local government councils have shared a total of ₦2.225 trillion in August 2025 Federation Account Revenue. According to a statement by the Director of Press and Public Relations, Office of the Accountant General of the Federation, Felix Mokwa, the revenue was shared at a meeting held in Abuja. This marks the third consecutive month of growth in revenue shared.
The distributable revenue comprised statutory revenue of ₦1.478 trillion, Value Added Tax (VAT) revenue of ₦672.903 billion, Electronic Money Transfer Levy (EMTL) revenue of ₦32.338 billion, and Exchange Difference of ₦41.284 billion. Total gross revenue available in August 2025 was ₦3.635 trillion, with total deductions for cost of collection and transfers amounting to ₦1.409 trillion.
The breakdown of statutory allocation shows that the Federal Government received ₦684.462 billion, states received ₦347.168 billion, and local government councils got ₦267.652 billion. Additionally, oil-producing states received ₦179.311 billion as 13% derivation revenue. From the VAT revenue, the Federal Government received ₦100.935 billion, states received ₦336.452 billion, and local governments received ₦235.516 billion.
President Bola Tinubu recently announced that Nigeria hit its 2025 revenue target in August, driven largely by proceeds from the non-oil sector. The EMTL revenue was shared among the Federal Government, states, and local governments, with each receiving ₦4.851 billion, ₦16.169 billion, and ₦11.318 billion, respectively.
The Exchange Difference revenue of ₦41.284 billion was also shared, with the Federal Government receiving ₦19.799 billion, states receiving ₦10.042 billion, and local governments receiving ₦7.742 billion. Furthermore, oil-producing states received ₦3.701 billion as derivation revenue.
The revenue sharing is a significant development, especially given the recent growth in revenue. The Nigerian government has been working to increase revenue and reduce dependence on oil exports. The increase in non-oil sector revenue is a positive sign, and the government is expected to continue efforts to diversify the economy and increase revenue streams.