NOW HEAR THIS Nigerians all over the world.

ByNewstime Admin

NOW HEAR THIS Nigerians all over the world. ” Satanic Heartless Wicked Evil Cesspool Den of Thieves in Leadership in Nigeria. The people ( Nigerians ) must hold The Governors and Ministers accountable. Stop blaming The President of the Federal Republic of Nigeria. “

FG, states, LGs share highest N2.2tn revenue for August – FAAC

Nigeria’s Federation Account Allocation Committee (FAAC) has announced the distribution of ₦2.2 trillion among the country’s three tiers of government for August 2025 the highest allocation recorded so far this year.

According to the communiqué released after the FAAC meeting on Wednesday, the allocation surpasses the ₦2.001 trillion shared in July, reflecting an increase in federally collected revenue.

The funds were disbursed to the federal, state, and local governments to support governance, infrastructure development, and service delivery at all levels.

The N2,225.118 trillion total distributable revenue comprised distributable statutory revenue of N1,478.593 billion, distributable Value Added Tax (VAT) revenue of N672.903 billion, Electronic Money Transfer Levy (EMTL) revenue of N32.338 billion, and the Exchange Difference of N41.284 billion.

This indicated that total gross revenue of N3,635.802 trillion was available in August 2025. Total deduction for cost of collection was N124.839 billion, while total transfers, interventions, refunds and savings were N1,285.845 billion.

Gross revenue of N722.619 billion was available from the Value Added Tax (VAT) in August 2025 as against N687.940 billion distributed in the preceding month, resulting in an increase of N34.679 billion.

The communiqué stated that from the N1,478.593 trillion total distributable revenue, the Federal Government received a total sum of N684.462 billion and the State Governments received a total sum of N347.168 billion.

The local government council received N267.652 billion, while the sum of N179.311 billion (13 percent of mineral revenue) was shared with the benefiting state as derivation revenue.

From the N672.903 billion distributable Value Added Tax (VAT) revenue, the Federal Government received N100.935 billion, the State Governments received N336.452 billion and the Local Government Councils received N235.516 billion.

A total sum of N4.851 billion was received by the Federal Government from the N32.338 billion from the Electronic Money Transfer Levy (EMTL). The state governments received N16.169 billion, and the local government councils received N11.318 billion.

From the N41.284 billion from the exchange difference, the communiqué stated that the federal government received N19.799 billion and the state governments received N10.042 billion.

The Local Government Councils received N7.742 billion, while the sum of N3.701 billion (13% of mineral revenue) was shared with the benefiting states as derivation revenue.

In August 2025, the gross statutory revenue of N2,838.214 trillion was received, which is lower than the sum of N3,070.127 trillion received in the previous month by N231.913 billion.

Oil & Gas Royalty, Value Added Tax (VAT) and CET levies increased significantly, while Petroleum Profit Tax (PPT), Import Duty, Electronic Money Transfer Levy (EMTL), Companies Income Tax (CIT) and Excise Duty recorded decreases.