The Federation Account Allocation Committee (FAAC) has shared a total sum of N2.103 trillion among the Federal Government, States, and Local Government Councils as Federation Account revenue for September 2025.
The revenue was shared at the FAAC meeting held in Abuja for October 2025, chaired by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun.
According to a communiqué issued at the end of the meeting, the N2.103 trillion total distributable revenue comprised N1.239 trillion from statutory revenue, N812.593 billion from Value Added Tax (VAT), and N51.684 billion from the Electronic Money Transfer Levy (EMTL).
The communiqué disclosed that the total gross revenue available in September stood at N3.054 trillion, from which N116.149 billion was deducted as the cost of collection, while N835.005 billion was set aside for transfers, interventions, refunds, and savings.
It noted that the gross statutory revenue for September was N2.128 trillion, representing a decrease of N710.134 billion from the N2.838 trillion recorded in August 2025.
Similarly, gross VAT revenue rose to N872.630 billion in September from N722.619 billion in August, reflecting an increase of N150.011 billion.
From the N2.103 trillion total distributable revenue, the communiqué stated that the Federal Government received N711.314 billion, the State Governments received N727.170 billion, and the Local Government Councils received N529.954 billion.
In addition, the sum of N134.956 billion, representing 13 per cent of mineral revenue, was shared to the oil-producing states as derivation funds.
A breakdown of the N1.239 trillion distributable statutory revenue showed that the Federal Government received N581.672 billion, the States received N295.032 billion, and the Local Governments received N227.457 billion, while the benefiting states got N134.956 billion as derivation revenue.
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 Governments received N284.408 billion.
Similarly, from the N51.684 billion Electronic Money Transfer Levy (EMTL), the Federal Government received N7.753 billion, the States received N25.842 billion, and the Local Governments received N18.089 billion.
FAAC further reported that in September 2025, Import Duty, Value Added Tax (VAT), and Electronic Money Transfer Levy (EMTL) recorded significant increases. However, Companies Income Tax (CIT) and Common External Tariff (CET) Levies declined considerably, while Petroleum Profit Tax (PPT) rose marginally.
The communiqué added that Oil and Gas Royalty and Excise Duty recorded slight decreases within the period under review.
The Committee reaffirmed its commitment to ensuring transparent and equitable distribution of Federation revenue among the three tiers of government in line with constitutional provisions.
