FAAC distributes N2.094trn revenue to FG, states, LGs

The Federal Government, states, and Local Government Councils (LGCs) shared a total of N2.094 trillion from the Federation Account for October 2025, the Office of the Accountant General of the Federation (OAGF) announced on Wednesday.

The revenue distribution followed the November 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja.

The total distributable revenue comprised N1.376 trillion in statutory revenue, N670.303 billion from Value Added Tax (VAT), and N47.870 billion from the Electronic Money Transfer Levy (EMTL).

According to the FAAC communiqué, the Federal Government received N758.405 billion, states N689.120 billion, and Local Government Councils N505.803 billion.

Additionally, N141.359 billion was shared with mineral-producing states as derivation revenue.

Breaking down the figures, the Federal Government received N650.680 billion from statutory revenue, N100.545 billion from VAT, and N7.180 billion from EMTL.

States received N330.033 billion, N335.152 billion, and N23.935 billion from the respective sources, while Local Governments got N254.442 billion, N234.606 billion, and N16.755 billion.

The communiqué noted that gross statutory revenue for October 2025 rose to N2.164 trillion, up by N36.832 billion compared to September, while VAT revenue declined to N719.827 billion, down by N152.803 billion from the previous month.

Revenue increases were driven by Petroleum Profit Tax, Hydrocarbon Tax, Companies Income Tax on upstream activities, Capital Gains Tax, Stamp Duties, Oil & Gas royalties, Import and Excise duties, and CET levies, while VAT, EMTL, and fees saw decreases.