Fed, States, LGs Share N2.103tr September Revenue
By Patience Ikpeme
The three tiers of government have shared a total sum of N2.103 trillion as Federation Account Revenue for the month of September 2025. This allocation was finalized at the October Federation Account Allocation Committee (FAAC) meeting held in Abuja.
The N2.103 trillion total distributable revenue for the month was composed of distributable statutory revenue of N1.239 trillion, distributable Value Added Tax (VAT) revenue of N812.593 billion, and Electronic Money Transfer Levy (EMTL) revenue of N51.684 billion.
According to the communiqué issued by FAAC, the total distributable revenue of N2.103 trillion was shared such that the State Governments received the largest sum of N727.170 billion, the Federal Government received N711.314 billion, and the Local Government Councils received N529.954 billion. In addition, the sum of N134.956 billion (representing 13 per cent of mineral revenue) was shared to the benefiting states as derivation revenue.
Drilling down into the revenue sources, the N1.239 trillion distributable statutory revenue was shared with the Federal Government receiving N581.672 billion, the State Governments receiving N295.032 billion, and the Local Government Councils receiving N227.457 billion, while N134.956 billion (13% of mineral revenue) went to the benefiting states as derivation revenue.
From the N812.593 billion distributable Value Added Tax (VAT) revenue, the Federal Government received N121.889 billion, the State Governments received N406.297 billion, and the Local Government Councils received N284.408 billion. Furthermore, the N51.684 billion Electronic Money Transfer Levy (EMTL) was shared, with the Federal Government receiving N7.753 billion, the State Governments receiving N25.842 billion, and the Local Government Councils receiving N18.089 billion.
The FAAC communiqué also provided details on the overall revenue performance for the month. The total gross revenue available in September 2025 was N3.054 trillion. The committee noted that a total of N116.149 billion was deducted for cost of collection, while N835.005 billion was allocated for total transfers, interventions, refunds, and savings.
The gross statutory revenue for September 2025 totaled N2.128 trillion, a figure that was lower than the N2.838 trillion received in August 2025 by N710.134 billion. Conversely, the gross revenue from VAT for September stood at N872.630 billion, which was higher than the N722.619 billion available in August 2025 by N150.011 billion.
The communiqué noted a strong performance in certain revenue lines for September 2025, stating that Import Duty, Value Added Tax (VAT), and Electronic Money Transfer Levy (EMTL) increased significantly while 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 saw marginal decreases.
