By Correspondent in Abuja.
The Federation Account Allocation Committee (FAAC) has shared a total sum of ₦2.103 trillion 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 on Friday in Abuja.
According to a communiqué issued at the end of 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 revealed that gross revenue available in September 2025 stood at ₦3.054 trillion. Deductions for the cost of collection amounted to ₦116.149 billion, while transfers, interventions, refunds, and savings totaled ₦835.005 billion.
It further disclosed that gross statutory revenue for the month was ₦2.128 trillion, a decrease of ₦710.134 billion from the ₦2.838 trillion recorded in August 2025.
On the other hand, VAT collections rose to ₦872.630 billion in September, reflecting an increase of ₦150.011 billion over the ₦722.619 billion recorded in August.
From the total distributable revenue of ₦2.103 trillion, the breakdown is as follows:
Federal Government: ₦711.314 billion
State Governments: ₦727.170 billion
Local Government Councils: ₦529.954 billion
Derivation (13% of mineral revenue): ₦134.956 billion to benefiting oil-producing states
A further breakdown shows that from the ₦1.239 trillion statutory revenue, the Federal Government received ₦581.672 billion, States received ₦295.032 billion, and Local Governments got ₦227.457 billion, while ₦134.956 billion was shared as derivation to mineral-producing states.
Out of the ₦812.593 billion VAT revenue, the Federal Government received ₦121.889 billion, States ₦406.297 billion, and Local Governments ₦284.408 billion.
Similarly, from the ₦51.684 billion EMTL, the Federal Government got ₦7.753 billion, the States ₦25.842 billion, and the Local Governments ₦18.089 billion.
The communiqué also noted that revenue from Import Duty, VAT, and EMTL recorded significant increases in September, while Companies Income Tax (CIT) and CET Levies dropped considerably.
Petroleum Profit Tax (PPT) showed a marginal increase, whereas Oil and Gas Royalty and Excise Duty witnessed slight declines.
Edited by Dada Ahmed.
