Nigeria’s federal, state, and local governments have shared a total of N2.001 trillion for July 2025. This money comes from different sources and helps run the country at all levels.
Where Did the Money Come From?
- Statutory Revenue: N1.283 trillion
- Value Added Tax (VAT): N640.61 billion
- Electronic Money Transfer Levy (EMTL): N37.60 billion
- Exchange Rate Gains: N39.75 billion
How Was the Money Shared?
- Federal Government: N735.08 billion
- State Governments: N660.35 billion
- Local Governments: N485.04 billion
- Mineral-Producing States (Derivation Revenue): N120.36 billion
Breakdown by Revenue Type
- Statutory Revenue:
- Federal: N613.81 billion
- States: N311.33 billion
- Local: N240.02 billion
- Derivation: N117.71 billion
- VAT:
- Federal: N96.09 billion
- States: N320.31 billion
- Local: N224.21 billion
- EMTL:
- Federal: N5.64 billion
- States: N18.80 billion
- Local: N13.16 billion
- Exchange Rate Gains:
- Federal: N19.54 billion
- States: N9.91 billion
- Local: N7.64 billion
- Derivation: N2.64 billion
What’s New This Month?
- Petroleum Profit Tax, Oil and Gas Royalties, EMTL, and Excise Duty increased.
- VAT and import duty went up a little.
- Companies Income Tax and CET levies went down.
Why Does This Matter?
This revenue sharing helps all levels of government pay for services, projects, and salaries. It also shows how different parts of Nigeria’s economy are performing.
Phinadon Magazine will keep you updated on future revenue distributions and what they mean for the country.
