Deborah Akinyosoye
The Federation Account Allocation Committee (FAAC) has distributed a total of N2.094 trillion to the Federal Government, state governments, and local councils as revenue for October 2025.
This was disclosed in a statement issued on Wednesday by the Director of Press and Public Relations, Bawa Mokwa, following FAAC’s November 2025 meeting in Abuja.
According to the statement, the N2.094 trillion distributable revenue comprised:
N1.376 trillion statutory revenue
N670.303 billion Value Added Tax (VAT) revenue
N47.870 billion Electronic Money Transfer Levy (EMTL)
A communiqué issued after the meeting showed that N2.934 trillion was the gross revenue for October. From this amount, N115.278 billion was deducted as the cost of collection, while N724.603 billion went to transfers, interventions, refunds, and savings.
The communiqué noted that gross statutory revenue for October stood at N2.164 trillion, an increase of N36.832 billion over the N2.128 trillion recorded in September. VAT revenue for October was N719.827 billion, a decrease of N152.803 billion from N872.630 billion in September.
Breakdown of the N2.094 trillion shared:
Federal Government: N758.405 billion
State Governments: N689.120 billion
Local Government Councils: N505.803 billion
Derivation (13% mineral revenue): N141.359 billion to benefiting states
Breakdown by revenue components:
Statutory Revenue – N1.376 trillion
FG: N650.680 billion
States: N330.033 billion
LGs: N254.442 billion
Derivation: N141.359 billion
VAT Revenue – N670.303 billion
FG: N100.545 billion
States: N335.152 billion
LGs: N234.606 billion
EMTL – N47.870 billion
FG: N7.180 billion
States: N23.935 billion
LGs: N16.755 billion
The communiqué added that in October 2025, revenues from Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT), Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duty Tax (SDT), Oil and Gas Royalties, Import Duty, Excise Duty, and CET Levies all recorded significant increases. However, receipts from VAT, EMTL, and Fees declined.