The Federation Account Allocation Committee (FAAC) has shared N2.103 trillion to the Federal Government, States, and the Local Government Councils as the September 2025 Federation Account Revenue.
The revenue was shared at the October 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja.
The N2.103 trillion total distributable revenue comprised distributable statutory revenue of N1.239 trillion, distributable Value Added Tax (VAT) revenue of N812.593 billion, Electronic Money Transfer Levy (EMTL) revenue of N51.684 billion.
A communique issued by the FAAC on Friday, October 17, said a total gross revenue of N3.054 trillion was available in September 2025.
The FAAC stated that total deduction for cost of collection was N116.149 billion, while total transfers, interventions, refunds and savings was N835.005 billion.
The committee said gross statutory revenue of N2.128 trillion was received in September, noting that this was lower than the sum of N2.838 trillion received in August 2025 by N710.134 billion.
It stated that gross revenue of N872.630 billion was available from the VAT in September 2025, saying this was higher than the N722.619 billion available in the August 2025 by N150.011 billion.
The FAAC said from the N2.103 trillion total distributable revenue, the Federal Government received total sum of N711.314 billion and the State Governments received total sum of N727.170 billion.
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The FAAC disclosed that the Local Government Council received N529.954 billion, while the sum of N134.956 billion (13% of mineral revenue) was shared to the benefiting State as derivation revenue.
On the N1.239 trillion distributable statutory revenue, the committee stated that the Federal Government received N581.672 billion and the State Governments received N295.032 billion.
It said the Local Government Councils received N227.457 billion, while N134.956 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.
The FAAC said from the N812.593 billion distributable VAT revenue, the Federal Government received N121.889 billion, the State Governments received N406.297 billion, and the Local Government Councils received N284.408 billion.
It revealed that N7.753 billion was received by the Federal Government from the N51.684 billion Electronic Money Transfer Levy (EMTL), the State Governments received N25.842 billion, and the Local Government Councils received N18.089 billion.
The FAAC added that Import Duty, VAT, and EMTL increased significantly while Companies Income Tax (CIT) and CET Levies decreased considerably in September 2025.
“Petroleum Profit Tax (PPT) increased Marginally while Oil and Gas Royalty and Excise Duty recorded marginal decreases,” it disclosed.
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