The Federation Account Allocation Committee (FAAC) has disbursed a total of N2.094 trillion from the October 2025 federation revenue to the three tiers of government.The distribution was approved at the November 2025 FAAC meeting held in Abuja.
The N2.094 trillion distributable revenue comprised:
Statutory revenue: N1.376 trillion
Value Added Tax (VAT): N670.303 billion
Electronic Money Transfer Levy (EMTL): N47.870 billion
According to the official communiqué issued on Wednesday, total gross revenue available in October 2025 stood at N2.934 trillion.
From this amount, N115.278 billion was deducted as cost of collection, while transfers, interventions, refunds, and savings amounted to N724.603 billion.
Breakdown of Gross Revenue SourcesGross statutory revenue: N2.164 trillion (an increase of N36.832 billion from September 2025’s N2.128 trillion)
Gross VAT revenue: N719.827 billion (a decrease of N152.803 billion from September 2025’s N872.630 billion)
How the N2.094 Trillion Was SharedFederal Government: N758.405 billion
State Governments: N689.120 billion
Local Government Councils: N505.803 billion
13% Derivation (mineral-producing states): N141.359 billion
Detailed Allocation by Revenue TypeFrom N1.376 trillion distributable statutory revenue:Federal Government: N650.680 billion
States: N330.033 billion
Local Governments: N254.442 billion
13% Derivation: N141.359 billion
From N670.303 billion distributable VAT:Federal Government: N100.545 billion
States: N335.152 billion
Local Governments: N234.606 billion
From N47.870 billion Electronic Money Transfer Levy (EMTL):Federal Government: N7.180 billion
States: N23.935 billion
Local Governments: N16.755 billion
The communiqué noted significant increases in Petroleum Profit Tax (PPT), Hydrocarbon Tax, Companies Income Tax on Upstream Activities, Oil & Gas Royalties, Import Duty, Excise Duty, and CET Levies during the month.
However, Value Added Tax (VAT), EMTL, and certain fees recorded declines compared to September 2025.
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