The Federation Account Allocation Committee (FAAC) has shared a total of N2.094 trillion among the Federal Government, the 36 states, and the 774 local government councils as revenue for October 2025.
The allocation details were contained in a statement released on Wednesday by the Director of Press and Public Relations of the Office of the Accountant General of the Federation, Bawa Mokwa, following FAAC’s November 2025 meeting held in Abuja.
Revenue Components
According to the communiqué, the N2.094 trillion distributable revenue comprised:
N1.376 trillion – Statutory Revenue
N670.303 billion – Value Added Tax (VAT)
N47.870 billion – Electronic Money Transfer Levy (EMTL)
FAAC disclosed that the gross revenue for October stood at N2.934 trillion. From this amount, N115.278 billion was deducted as cost of collection, while N724.603 billion was allocated to transfers, interventions, refunds, and savings.
The communiqué further noted that gross statutory revenue rose to N2.164 trillion, reflecting an increase of N36.832 billion compared to the N2.128 trillion recorded in September. However, VAT revenue dropped to N719.827 billion, down by N152.803 billion from the N872.630 billion generated in September.
Breakdown of the N2.094 Trillion Shared
Total Allocation
Federal Government: N650.680 billion (Statutory), N100.545 billion (VAT), N7.180 billion (EMTL)
State Governments: N689.120 billion (total)
Local Government Councils: N505.803 billion (total)
13% Derivation for Oil-Producing States: N141.359 billion
Statutory Revenue – N1.376 trillion
Federal Government: N650.680 billion
States: N330.033 billion
LGs: N254.442 billion
Derivation (13%): N141.359 billion
VAT Revenue – N670.303 billion
Federal Government: N100.545 billion
States: N335.152 billion
LGs: N234.606 billion
EMTL – N47.870 billion
Federal Government: N7.180 billion
States: N23.935 billion
LGs: N16.755 billion
Revenue Performance
FAAC reported notable increases in October receipts 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
CET L
However, revenues from VAT, EMTL, and Fees experienced declines during the month.
