The Federation Account Allocation Committee (FAAC) has shared a total sum of N2.103 trillion as Federation Account revenue for September 2025 to the Federal Government, States, and Local Government Councils.
This was contained in a communiqué issued at the end of the FAAC meeting held on Friday in Abuja.
The total distributable revenue comprised statutory revenue of N1.239 trillion, Value Added Tax (VAT) revenue of N812.593 billion, and Electronic Money Transfer Levy (EMTL) revenue of N51.684 billion.
According to the communiqué, the total gross revenue available in September 2025 was N3.054 trillion, from which N116.149 billion was deducted for cost of collection, while N835.005 billion was allocated for transfers, interventions, refunds, and savings.
The FAAC report noted that the gross statutory revenue of N2.128 trillion received in September was lower by N710.134 billion compared to the N2.838 trillion recorded in August 2025.
Conversely, gross VAT revenue rose to N872.630 billion in September from N722.619 billion in August, indicating an increase of N150.011 billion.
From the total distributable revenue of N2.103 trillion, the Federal Government received N711.314 billion, the State Governments N727.170 billion, and the Local Government Councils N529.954 billion, while N134.956 billion (representing 13 per cent derivation revenue) was shared among oil-producing states.
A breakdown of the N1.239 trillion statutory revenue showed that the Federal Government received N581.672 billion, the States N295.032 billion, and the Local Governments N227.457 billion, with N134.956 billion going to oil-producing states as derivation.
Similarly, from the N812.593 billion VAT revenue, the Federal Government received N121.889 billion, States N406.297 billion, and Local Governments N284.408 billion.
The communiqué also indicated that from the N51.684 billion EMTL, the Federal Government received N7.753 billion, the States N25.842 billion, and the Local Governments N18.089 billion.
FAAC further disclosed that revenue from Import Duty, VAT, and EMTL increased significantly in September, while receipts from Companies Income Tax (CIT) and Common External Tariff (CET) levies recorded considerable decreases. Petroleum Profit Tax (PPT) increased marginally, whereas Oil and Gas Royalties and Excise Duty showed slight declines.
