October 2025 Revenue Allocation: FAAC Shares N2.09trn; Oil-Producing States Receive N141.36bn as 13% Derivation

By Bernice Tamuno-Obukorubo (Abuja)

The Federation Account Allocation Committee (FAAC) has shared a total of N2.094 trillion among the Federal Government, the 36 states, and the 774 local government councils as revenue for October 2025.

The allocation details were contained in a statement released on Wednesday by the Director of Press and Public Relations of the Office of the Accountant General of the Federation, Bawa Mokwa, following FAAC’s November 2025 meeting held in Abuja.

Revenue Components

According to the communiqué, the N2.094 trillion distributable revenue comprised:

N1.376 trillion – Statutory Revenue

N670.303 billion – Value Added Tax (VAT)

N47.870 billion – Electronic Money Transfer Levy (EMTL)

FAAC disclosed that the gross revenue for October stood at N2.934 trillion. From this amount, N115.278 billion was deducted as cost of collection, while N724.603 billion was allocated to transfers, interventions, refunds, and savings.

The communiqué further noted that gross statutory revenue rose to N2.164 trillion, reflecting an increase of N36.832 billion compared to the N2.128 trillion recorded in September. However, VAT revenue dropped to N719.827 billion, down by N152.803 billion from the N872.630 billion generated in September.

Breakdown of the N2.094 Trillion Shared

Total Allocation

Federal Government: N650.680 billion (Statutory), N100.545 billion (VAT), N7.180 billion (EMTL)

State Governments: N689.120 billion (total)

Local Government Councils: N505.803 billion (total)

13% Derivation for Oil-Producing States: N141.359 billion

Statutory Revenue – N1.376 trillion

Federal Government: N650.680 billion

States: N330.033 billion

LGs: N254.442 billion

Derivation (13%): N141.359 billion

VAT Revenue – N670.303 billion

Federal Government: N100.545 billion

States: N335.152 billion

LGs: N234.606 billion

EMTL – N47.870 billion

Federal Government: N7.180 billion

States: N23.935 billion

LGs: N16.755 billion

Revenue Performance

FAAC reported notable increases in October receipts from:

Petroleum Profit Tax (PPT)

Hydrocarbon Tax (HT)

Companies Income Tax (CIT)

Capital Gains Tax (CGT)

Stamp Duty Tax (SDT)

Oil and Gas Royalties

Import Duty

Excise Duty

CET L

However, revenues from VAT, EMTL, and Fees experienced declines during the month.