Picnews
The Federation Account Allocation Committee (FAAC) has disbursed N2.103 trillion to the Federal Government, states, and local government councils as revenue generated in September 2025. This allocation was finalized during FAAC’s October 2025 meeting held in Abuja.
According to the communiqué issued after the meeting, the 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 Federal Government received N711.314 billion, State Governments got N727.170 billion, and Local Government Councils received N529.954 billion. Additionally, N134.956 billion was disbursed to oil-producing states as 13% derivation revenue.
The gross revenue available in September 2025 was N3.054 trillion. After deductions of N116.149 billion for collection costs and N835.005 billion for transfers, interventions, refunds, and savings, the net distributable amount of N2.103 trillion remained for sharing. Notably, VAT revenue rose to N872.630 billion, showing an increase of N150.011 billion compared to the N722.619 billion generated in August 2025.
Further breakdown of the revenue distribution shows that from the N1.239 trillion distributable statutory revenue, the Federal Government received N581.672 billion, states got N295.032 billion, and local governments received N227.457 billion. The sum of N134.956 billion was shared to the oil-producing states as derivation revenue. From the N812.593 billion distributable VAT revenue, the Federal Government received N121.889 billion, states received N406.297 billion, and local governments received N284.408 billion.
In terms of revenue performance, Import Duty, VAT, and EMTL increased significantly in September 2025. However, Companies Income Tax (CIT) and CET Levies decreased considerably. Petroleum Profit Tax (PPT) recorded a marginal increase, while Oil and Gas Royalty and Excise Duty recorded marginal decreases.
