FG, States, and LGCs Share N2.094 Trillion October 2025 Revenue
A total of N2.094 trillion, representing the October 2025 Federation Account Revenue, has been shared among the Federal Government, States, and Local Government Councils.
The revenue was distributed at the November 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja.
The N2.094 trillion total distributable revenue included distributable statutory revenue of N1.376 trillion, distributable Value Added Tax (VAT) revenue of N670.303 billion, and Electronic Money Transfer Levy (EMTL) revenue of N47.870 billion.
A communiqué issued by the Federation Account Allocation Committee (FAAC) indicated that a total of N2.934 trillion in gross revenue was available in October 2025. The total deduction for collection costs was N115.278 billion, while total transfers, interventions, refunds, and savings amounted to N724.603 billion.
According to the communiqué, gross statutory revenue of N2.164 trillion was received for October 2025. This was N36.832 billion higher than the N2.128 trillion received in September 2025.
Gross revenue from Value Added Tax (VAT) in October 2025 totaled N719.827 billion, which was N152.803 billion less than the N872.630 billion available in September 2025.
The communiqué stated that, out of the total distributable revenue of N2.094 trillion, the Federal Government received N758.405 billion. In contrast, the State Governments received N689.120 billion.
The Local Government Council received N505.803 billion, while N141.359 billion (13% of mineral revenue) was shared with the benefiting States as derivation revenue.
For the N1.376 trillion distributable statutory revenue, the communiqué reported that the Federal Government received N650.680 billion, while the states received N330.033 billion.
Local Governments received N254.442 billion, and N141.359 billion (13% of mineral revenue) was shared among the benefiting States as derivation revenue.
From the N670.303 billion distributable Value Added Tax (VAT) revenue, the Federal Government received N100.545 billion, the State Governments N335.152 billion, and the Local Government Councils N234.606 billion.
The Federal Government received a total of N7.180 billion from the N47.870 billion Electronic Money Transfer Levy (EMTL). The State Governments received N23.935 billion, and the Local Government Councils received N16.755 billion.
In October 2025, Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT), and CIT on Upstream Activities, Companies Income Tax (CIT), CGT and SDT, Oil & Gas Royalty, Import Duty, Excise Duty, and CET Levies increased significantly, while Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL), and fees recorded decreases.
