A TOTAL of N2.094 trillion from the October 2025 Federation Account revenue has been shared among the Federal Government, the 36 States and the 774 local government councils.
The allocation was confirmed at the November 2025 meeting of the Federation Account Allocation Committee (FAAC) in Abuja.
According to the FAAC communiqué sighted by News Point Nigeria, the N2.094 trillion distributable revenue consisted of N1.376 trillion statutory revenue, N670.303 billion Value Added Tax (VAT) revenue, and N47.870 billion from the Electronic Money Transfer Levy (EMTL).
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FAAC reported that 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 went to transfers, interventions, refunds and savings.
The communiqué stated that gross statutory revenue amounted to N2.164 trillion, an increase of N36.832 billion compared to the N2.128 trillion recorded in September 2025.
However, VAT inflow for October was N719.827 billion, lower than the N872.630 billion recorded in September by N152.803 billion.
The Federal Government received a total of N758.405 billion, the state governments received N689.120 billion, and the local government councils got N505.803 billion, while the sum of N141.359 billion, representing 13 per cent of mineral revenue, was allocated to the oil-producing states as derivation revenue.
For the N1.376 trillion statutory revenue, the Federal Government received N650.680 billion, state governments received N330.033 billion, and local government councils received N254.442 billion, with N141.359 billion set aside for derivation to the benefiting states.
From the N670.303 billion VAT revenue, the Federal Government received N100.545 billion, the state governments received N335.152 billion, and N234.606 billion went to the local government councils.
A total of N7.180 billion from the N47.870 billion EMTL revenue was allocated to the Federal Government, while N23.935 billion and N16.755 billion were given to the state governments and local government councils respectively.
FAAC noted that in October 2025, Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT) and Companies Income Tax (CIT) on upstream activities, as well as Companies Income Tax (general), Capital Gains Tax (CGT), Stamp Duty Tax (SDT), oil and gas royalty, import duty, excise duty and Common External Tariff (CET) levies all recorded increases. In contrast, revenue from Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL) and fees declined during the month.
The communiqué stated that the distribution reflects ongoing adjustments in government revenue inflows and the performance of major sectors contributing to the Federation Account.
