A total of N2.094 trillion from the October 2025 Federation Account revenue has been distributed to the Federal Government, the 36 states and the 774 local government councils.
The allocation was confirmed at the November 2025 meeting of the Federation Account Allocation Committee (FAAC) in Abuja.
According to the FAAC communiqué, the N2.094 trillion shared comprised N1.376 trillion in statutory revenue, N670.303 billion from Value Added Tax (VAT), and N47.870 billion generated through the Electronic Money Transfer Levy (EMTL).
FAAC reported that gross revenue for October stood at N2.934 trillion. From this amount, N115.278 billion was deducted as the cost of collection, while N724.603 billion was set aside for transfers, interventions, refunds and savings.
The communiqué noted that gross statutory revenue rose to N2.164 trillion—up by N36.832 billion from the N2.128 trillion recorded in September.
However, VAT receipts declined, totalling N719.827 billion for October, a drop of N152.803 billion compared to September’s N872.630 billion.
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Of the total allocation, the Federal Government received N758.405 billion, states received N689.120 billion, and local councils got N505.803 billion. In addition, N141.359 billion was shared to oil-producing states as 13 per cent derivation.
From the N1.376 trillion statutory revenue, the Federal Government received N650.680 billion; states got N330.033 billion; and local councils received N254.442 billion, with N141.359 billion reserved for derivation.
Out of the N670.303 billion VAT pool, the Federal Government received N100.545 billion, the states N335.152 billion, and the local councils N234.606 billion.
For the N47.870 billion EMTL revenue, N7.180 billion went to the Federal Government, N23.935 billion to the states and N16.755 billion to the local councils.
FAAC added that revenue from Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT), Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duty, oil and gas royalties, import duty, excise duty and Common External Tariff (CET) levies all recorded increases in October. In contrast, inflows from VAT, EMTL and fees declined.
The communiqué explained that the distribution reflects ongoing shifts in government revenue inflows and the performance of key sectors contributing to the Federation Account.
