FAAC Allocates Record N2.22 Trillion in August 2025 Distribution
The FAAC distributed a record N2.22 trillion to Nigeria's three tiers of government in August 2025. The allocation was based on a gross revenue of N2.5 trillion, with the federal government receiving N1.1 trillion, states N577 billion, and local governments N443 billion.
Additionally, states received N77 billion as 13% derivation revenue. The FAAC also set aside N50 billion for revenue collection costs.
This allocation marked an increase from the previous month, with N1.9 trillion distributed in July. The meeting, chaired by Wale Edun, the Minister of Finance, aimed to ensure transparent revenue sharing among the government levels.
Plus234Feed summary based on reporting from News Online Nigeria. Read the original report below.
Read full article
Continue on News Online Nigeria
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
FAAC Shares N2.22 Trillion Among Federal, State, and LGAs for August
FAAC Reconciliation: NNPC, FIRS, Others Remit N1.49 Trillion Arrears to Federation in Six Months
Nigeria Allocates N2.1 Trillion Revenue for September, Oil-Producing States Receive Boost
FAAC Shares ₦2.225trn August 2025 Revenue Among FG, States, LGs
FAAC Allocates N2.001tn Revenue to FG, States, LGs for July 2025
FAAC Allocates N2.1 Trillion Revenue to FG, States, LGs in September 2025
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
