FAAC Shares N2.094 Trillion to Federal, State, and Local Governments for October 2025

The Federation Account Allocation Committee (FAAC) has distributed a total sum of N2.094 trillion to the federal, state, and local governments for October 2025.

The allocation was finalized during FAAC’s November meeting in Abuja, chaired by the Accountant-General of the Federation, Shamsudeen B. Ogunjimi.

Breakdown of the Revenue Sources

The shared amount was drawn from the N2.934 trillion gross revenue, comprising:

• Statutory Revenue
• Value Added Tax (VAT)
• Electronic Money Transfer Levy (EMTL)

FAAC noted that N115.278 billion was deducted as the cost of revenue collection, while N724.603 billion was allocated for transfers, interventions, and refunds.

Distribution of the N2.094 Trillion

Federal, State, and Local Governments

• Federal Government: N758.405 billion
• State Governments: N689.120 billion
• Local Government Areas: N505.803 billion
• Oil-Producing States (13% Derivation): N141.395 billion

VAT Revenue Declines by N152.8 Billion

FAAC reported that VAT revenue for October stood at N719.827 billion, marking a drop from the N872.630 billion recorded in September.

After deducting the cost of collection (N28.793 billion) and transfers/refunds (N20.731 billion), the remaining N670.303 billion was shared as follows:

• Federal Government: N100.545 billion
• States: N335.152 billion
• Local Governments: N234.606 billion

Statutory Revenue Rises to N2.164 Trillion

Gross statutory revenue for October increased to N2.164 trillion, up by N36.832 billion from the previous month.

After statutory deductions—N84.490 billion for the cost of collection and N703.872 billion for transfers and refunds—the balance of N1.376 trillion was distributed:

• Federal Government: N650.680 billion
• States: N330.033 billion
• Local Governments: N254.442 billion
• Derivation for Oil-Producing States: N141.395 billion

Electronic Money Transfer Levy (EMTL)

A total of N49.865 billion from EMTL was shared among the three tiers:

• Federal Government: N7.180 billion
• States: N23.935 billion
• Local Governments: N16.755 billion

FAAC added that N1.995 billion was taken as the cost of collection.

Revenue Drivers and Decliners

FAAC attributed improved statutory revenue performance to higher collections from:

• Petroleum Profit Tax (PPT) / Hydrocarbon Tax
• Company Income Tax (CIT – Upstream)
• Capital Gains Tax
• Stamp Duty
• Oil and Gas Royalties
• Import Duty
• Excise Duty
• Levies under the Common External Tariff (CET)

However, VAT, EMTL, and several fee-based revenues experienced declines.

Total Revenue Shared

The total distributable amount for October 2025—N2.094 trillion—was drawn from:

• Statutory Revenue: N1.376 trillion
• VAT: N670.303 billion
• EMTL: N47.870 billion

The statement was issued by Mohammed Manga, FCIA, Director of Information and Public Relations, Federal Ministry of Finance.