The Federation Account Allocation Committee (FAAC) has disbursed a total of ₦2.001 trillion from the revenue generated in July 2025 to the three tiers of government.
The breakdown of the allocation, announced by Bawa Mokwa, Press Secretary to the Accountant General of the Federation, is: Federal Government – ₦735.081bn; States – ₦660.349bn; and LGs – ₦485.039bn.
The other is: Oil-Producing States (13% Derivation) – ₦120.359bn.
The distributable revenue was drawn from four key sources, including Statutory Revenue: ₦1.282trn; Value Added Tax (VAT):₦640.610bn; Electronic Money Transfer Levy (EMTL): ₦37.601bn; and Exchange Difference: ₦39.745bn.
Despite the significant disbursement, the communiqué noted a decline in gross revenue available in July, which stood at ₦3.836 trillion. This represents a decrease of ₦415.108bn compared to the ₦3.485trn recorded in June.
A bright spot in the revenue report was the VAT collection, which saw an increase to ₦687.940bn, up from ₦678.165bn in the previous month.
Dele Fashomi, seasoned journalist and communication teacher, is a holder of Master of Arts degree in Communication and Language Arts from the University of Ibadan in 1992/93.
Earlier, he had bagged a Bachelor degree from the same university in 1984, after which he proceeded to the Nigerian Institute of Journalism, Lagos, in 1990, for a postgraduate diploma in Journalism.
He had done many courses in communication, including the EU-BBC Editing Course in 2002.
Mr. Fashomi combines effectively the practice, research and teaching of communication. And to date, he has published two academic works in communication: Issues in Communication Technology and Policy (2010) and Economic and Social Issues in Advertising and PR (2013).
He had his first break in the Nigerian media in Concord Newspapers in 1990 and today, he has over two and half decades experience earned in several newspapers.
He has been part of many start-ups, such as The Republic (1987), The Comet (1999), The Anchor 2001 – 2002; Sun Newspapers (2003); Westerner newsmagazine (2005 – 2010) as Editor; National Life (2011) as Sunday Editor, and Newswatch Newspapers (2012- 2016) as Daily Editor.
Dele Fashomi is now the Publisher/Editor-in-Chief of Newstide247.com newspaper online, which he started in July 2015. He is also into biography writing, with many books in his trail, some of which he wrote alone and one he co- authored with his mentor, Mr Dare Babarinsa, entitled: Olabiyi Durojaiye – DARE TO BE DiFFERENT. He also guided and collaborated with Pa Olatunji Odusanya in writing his autobiography – AGAINST ALL ODDS. There are many other books in the works under his pen.
