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BREAKING: FG, state, local governments share N2.001trn July revenue

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The three tiers of government—federal, state, and local—shared a total of N2.001 trillion from the Federation Account as revenue for the month of July 2025, according to the Federation Account Allocation Committee (FAAC).

The allocation was made during the FAAC meeting held in August 2025 in Abuja, with details released in an official communiqué.

The distributable revenue included:

  • N1.282 trillion in statutory revenue
  • N640.610 billion from Value Added Tax (VAT)
  • N37.601 billion from Electronic Money Transfer Levy (EMTL)
  • N39.745 billion from exchange rate difference

Out of the total distributed funds:

  • The Federal Government received N735.081 billion
  • State Governments received N660.349 billion
  • Local Government Councils received N485.039 billion
  • N120.359 billion was shared to oil-producing states as 13% derivation revenue

Revenue Breakdown:

Statutory Revenue (N1.282 trillion):

  • FG: N613.805 billion
  • States: N311.330 billion
  • LGs: N240.023 billion
  • 13% Derivation: N117.714 billion

VAT (N640.610 billion):

  • FG: N96.092 billion
  • States: N320.305 billion
  • LGs: N224.214 billion

EMTL (N37.601 billion):

  • FG: N5.640 billion
  • States: N18.801 billion
  • LGs: N13.160 billion

Exchange Gains (N39.745 billion):

  • FG: N19.544 billion
  • States: N9.913 billion
  • LGs: N7.643 billion
  • 13% Derivation: N2.643 billion

The total gross revenue for July was N3.836 trillion, down from N3.485 trillion in June. Cost of collection deductions amounted to N152.681 billion, while N1.683 trillion was allocated for transfers, refunds, savings, and interventions.

FAAC noted improved collections from Petroleum Profit Tax, Oil and Gas Royalties, EMTL, and Excise Duties, while Companies Income Tax and CET Levies declined slightly. VAT and Import Duties saw marginal growth.

The committee reiterated its commitment to ensuring transparency in the allocation of national revenues across all levels of government.

Crime

Deadly Explosion Rocks Mosque in Maiduguri, Killing Several Worshippers

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A suspected improvised explosive device (IED) detonated inside a mosque at Gamboru Market in Maiduguri, the capital of Borno State, on Wednesday evening, killing several worshippers and injuring others during Maghrib prayers.

The blast occurred around 6:00 p.m. local time, ripping through the crowded mosque and sparking widespread panic in the bustling market area.

Eyewitnesses described thick smoke billowing from the site as traders and residents fled, while others rushed to aid the victims.

Reports indicate at least seven people were killed, though official casualty figures are yet to be confirmed as rescue operations continue. Security forces, including the Police Explosive Ordnance Disposal (EOD) unit, quickly cordoned off the area for sweeping operations and investigations.

No group has claimed responsibility, but the attack bears the hallmarks of previous incidents linked to Boko Haram or its offshoot, Islamic State West Africa Province (ISWAP), which have targeted mosques and crowded places in the region despite relative calm in Maiduguri in recent years.

The incident, occurring on Christmas Eve, has heightened fears among residents amid ongoing insurgency challenges in northeast Nigeria.

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LASEMA gives update on Lagos Island Inferno

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Emergency responders are battling an intense inferno that has engulfed the 22-storey Great Nigeria Insurance House on Martins Street, Lagos Island, on Christmas Eve, with the blaze showing rapid upward momentum.

According to a situation report from the Lagos State Emergency Management Agency (LASEMA), the fire originated in an apartment on the 4th floor and quickly spread across that level before escalating upwards to the 6th floor.

LASEMA’s Permanent Secretary, Dr. Olufemi Damilola Oke-Osanyintolu, stated that the Shark Response Team found the building fully engulfed upon arrival.

The number of casualties remains unascertained as firefighting and recovery operations are ongoing.

Multiple agencies are on the ground in a coordinated effort, including LASEMA Response Team, Lagos State Fire and Rescue Service, Federal Fire Service, Lagos Neighbourhood Safety Corps (LNSC), Nigeria Police, Red Cross, and LRU Paramedics. The Lagos Rescue Unit (LRU) Fire has also been activated.

A total of six fire trucks and a skylift are deployed to combat the blaze and bring it under control.

This incident disrupts festive activities in the commercial hub, raising fresh concerns about fire safety in high-rise buildings across Lagos.

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President Tinubu Inaugurates High-Powered APC Committee to Resolve Internal Conflicts Ahead of 2027 Elections

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President Bola Ahmed Tinubu on Wednesday inaugurated a strategic Committee on Strategy, Conflict Resolution and Mobilisation for the All Progressives Congress (APC), aimed at fostering unity and addressing internal disputes as the ruling party gears up for the 2027 general elections.

The committee, comprising prominent APC governors, federal ministers, and key stakeholders, is chaired by Yobe State Governor Mai Mala Buni, with former APC National Legal Adviser Muiz Banire serving as Member/Secretary.

Members include Senator Adamu Aliero; Nigeria Governors’ Forum Chairman and Kwara State Governor Abdulrahman AbdulRazaq; Progressive Governors’ Forum Chairman and Imo State Governor Hope Uzodimma; Governors Hyacinth Alia (Benue), Umar Namadi (Jigawa), Bassey Otu (Cross River), Abiodun Oyebanji (Ekiti), Sheriff Oborevwori (Delta), and Uba Sani (Kaduna); Rivers State Governor Siminalayi Fubara; Minister of Marine and Blue Economy Adegboyega Oyetola; Minister of State for Defence Bello Matawalle; and former Kogi State Governor Yahaya Bello.

Speaking at the inauguration in Lagos, Governor Buni thanked President Tinubu for the appointment and pledged the committee’s commitment to inclusive consultations and proactive conflict resolution.

He emphasised developing strategies that ensure aggrieved parties feel included while urging members to prioritise party interests over personal sentiments.

The move follows President Tinubu’s remarks at the APC’s 15th National Executive Committee meeting on December 19 in Abuja, where he stressed the importance of tolerance, accommodation, and cohesion to sustain the party’s progressive ideals.

This initiative signals the APC’s proactive efforts to strengthen internal harmony and mobilisation in preparation for future electoral challenges.

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