A total of N2.103 trillion from the September 2025 Federation Account Revenue has been distributed among the Federal Government, States, and Local Government Councils, following the Federation Account Allocation Committee (FAAC) meeting held in Abuja.
According to the communiqué released after the October 2025 FAAC meeting, the distributable sum consisted of N1.239 trillion in statutory revenue, N812.593 billion from Value Added Tax (VAT), and N51.684 billion generated through the Electronic Money Transfer Levy (EMTL).
The statement revealed that the total gross revenue available for September stood at N3.054 trillion, from which N116.149 billion was deducted as cost of collection, and N835.005 billion was allocated for transfers, interventions, refunds, and savings.
The gross statutory revenue for September 2025 was N2.128 trillion, a decline of N710.134 billion compared to N2.838 trillion recorded in August. Meanwhile, VAT revenue rose to N872.630 billion in September, up by N150.011 billion from the N722.619 billion collected in August.
From the N2.103 trillion distributable pool, the Federal Government received N711.314 billion, while the State Governments got N727.170 billion. The Local Government Councils were allocated N529.954 billion, and N134.956 billion (representing 13% of mineral revenue) went to oil-producing states as derivation funds.
Breaking down the N1.239 trillion statutory revenue, the Federal Government received N581.672 billion, the States N295.032 billion, the Local Governments N227.457 billion, and N134.956 billion was disbursed as derivation revenue.
From the N812.593 billion VAT proceeds, N121.889 billion went to the Federal Government, N406.297 billion to States, and N284.408 billion to Local Governments.
Similarly, the N51.684 billion EMTL was shared with the Federal Government taking N7.753 billion, States receiving N25.842 billion, and Local Governments N18.089 billion.
The communiqué also noted that Import Duty, VAT, and EMTL revenues increased significantly during the month, while Companies Income Tax (CIT) and Common External Tariff (CET) Levies recorded sharp declines. Petroleum Profit Tax (PPT) rose slightly, whereas Oil and Gas Royalties and Excise Duties experienced marginal decreases.
What You Should Know
The N2.103 trillion shared revenue underscores the federal structure of Nigeria’s fiscal system, which distributes national income monthly among all tiers of government.
The September figures show higher VAT and EMTL collections, reflecting increased domestic transactions, even as oil-linked revenues continue to show modest growth amidst market fluctuations.
