By Ayomide Otitoju
The Federation Account Allocation Committee (FAAC) has shared a total sum of ₦2.103 trillion from the Federation Account as revenue for September 2025 among the Federal Government, States, and Local Government Councils.
The allocation was made during the October 2025 FAAC meeting held in Abuja. According to a communiqué issued after the meeting, the total distributable revenue comprised ₦1.239 trillion from statutory revenue, ₦812.593 billion from Value Added Tax (VAT), and ₦51.684 billion from the Electronic Money Transfer Levy (EMTL).
The communiqué stated that total gross revenue for September stood at ₦3.054 trillion, from which ₦116.149 billion was deducted as the cost of collection, and ₦835.005 billion was set aside for transfers, interventions, refunds, and savings.
The gross statutory revenue of ₦2.128 trillion recorded in September was ₦710.134 billion lower than the ₦2.838 trillion received in August. However, VAT collections rose to ₦872.630 billion from ₦722.619 billion in August — an increase of ₦150.011 billion.
From the total distributable ₦2.103 trillion revenue, the Federal Government received ₦711.314 billion, State Governments ₦727.170 billion, and Local Government Councils ₦529.954 billion. The sum of ₦134.956 billion, representing 13% of mineral revenue, was shared among oil-producing states as derivation funds.
Breakdown of the revenue shows that from the ₦1.239 trillion statutory allocation, the Federal Government received ₦581.672 billion, States ₦295.032 billion, and Local Governments ₦227.457 billion, while ₦134.956 billion went to derivation states.
From the ₦812.593 billion VAT revenue, the Federal Government received ₦121.889 billion, States ₦406.297 billion, and Local Governments ₦284.408 billion. For the ₦51.684 billion Electronic Money Transfer Levy, the Federal Government received ₦7.753 billion, States ₦25.842 billion, and Local Governments ₦18.089 billion.
FAAC noted that while Import Duty, VAT, and EMTL recorded significant increases during the period, Companies Income Tax (CIT) and Common External Tariff (CET) levies declined. Petroleum Profit Tax (PPT) increased marginally, while Oil and Gas Royalties and Excise Duties experienced slight decreases.
