FG, States, LGs Share N2.094 Trillion October Revenue as Statutory Inflow Rises
By Patience Ikpeme
The Federation Account Allocation Committee (FAAC), following its meeting in Abuja in November 2025, has distributed a total sum of N2.094 trillion as Federation Account Revenue generated for the preceding month of October 2025 to the Federal Government, States, and the Local Government Councils.
The communiqué released by the Committee confirmed that the N2.094 trillion total distributable revenue was drawn from three major revenue streams: distributable statutory revenue, which contributed N1.376 trillion; distributable Value Added Tax (VAT) revenue, totaling N670.303 billion; and revenue from the Electronic Money Transfer Levy (EMTL), amounting to N47.870 billion.
An analysis of the Federation Account’s overall revenue inflow for October 2025 revealed that the total gross revenue available before deductions stood at N2.934 trillion. Out of this gross sum, total deductions for the cost of collection amounted to N115.278 billion, with an additional N724.603 billion allocated for total transfers, interventions, refunds, and savings.
In a month-on-month comparison, the gross statutory revenue received in October 2025 was N2.164 trillion. This figure showed an increase of N36.832 billion over the N2.128 trillion recorded in September 2025. Conversely, the gross revenue available from the Value Added Tax (VAT) in October 2025 stood at N719.827 billion, representing a reduction of N152.803 billion compared to the N872.630 billion available in September 2025.
FAAC observed that in the revenue performance for October 2025, several streams recorded significant gains, including Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT) and Companies Income Tax (CIT) on Upstream Activities, the general Companies Income Tax (CIT), Capital Gains Tax (CGT) and Stamp Duty Tax (SDT), Oil & Gas Royalty, Import Duty, Excise Duty, and CET Levies. However, Value Added Tax (VAT), the Electronic Money Transfer Levy (EMTL), and Fees all registered decreases.
The distribution of the total N2.094 trillion distributable revenue saw the Federal Government receive the total sum of N758.405 billion, while the State Governments received a total of N689.120 billion. The Local Government Councils were allocated N505.803 billion, and the oil-producing states collectively received the sum of N141.359 billion as the 13% mineral revenue derivation.
Delving into the distribution of the Statutory Revenue component of N1.376 trillion, the Federal Government received N650.680 billion, State Governments received N330.033 billion, and the Local Government Councils received N254.442 billion. The derivation revenue, also drawn from the statutory component, totaled N141.359 billion for the benefiting States.
Furthermore, the N670.303 billion distributable Value Added Tax (VAT) revenue was shared with the Federal Government collecting N100.545 billion, the State Governments receiving N335.152 billion, and the Local Government Councils taking N234.606 billion.
Finally, from the N47.870 billion Electronic Money Transfer Levy (EMTL), the Federal Government received a total sum of N7.180 billion, State Governments were allocated N23.935 billion, and the Local Government Councils received N16.755 billion.
