FG, States, LGs Share N2.1 Trillion September Revenue

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 (LGCs).

The allocation was made at the October 2025 FAAC meeting held in Abuja.

The N2.103 trillion total distributable revenue comprised: Statutory revenue: N1.239 trillion; Value Added Tax (VAT): N812.593 billion; Electronic Money Transfer Levy (EMTL): N51.684 billion

A statement issued by the Director of Information in OAGF,  Bawa Mokwa, revealed that gross total revenue available in September 2025 stood at N3.054 trillion.

From this amount, N116.149 billion was deducted as the cost of collection, while N835.005 billion went to transfers, interventions, refunds, and savings.

The gross statutory revenue for the month was N2.128 trillion, lower than the N2.838 trillion recorded in August 2025 by N710.134 billion.

Conversely, VAT revenue rose to N872.630 billion in September, compared to N722.619 billion in August an increase of N150.011 billion.

From the total distributable revenue of N2.103 trillion, allocations were as follows, Federal Government: N711.314 billion, State Governments: N727.170 billion, Local Government Councils: N529.954 billion, Derivation (13% of mineral revenue): N134.956 billion to benefiting states

Of the N1.239 trillion statutory revenue, the Federal Government received N581.672 billion, the States received N295.032 billion, and the Local Governments got N227.457 billion, with N134.956 billion shared as 13% derivation revenue to oil-producing states.

From the N812.593 billion VAT revenue, the Federal Government received N121.889 billion, the States got N406.297 billion, and the Local Governments received N284.408 billion.

Additionally, from the N51.684 billion EMTL, the Federal Government received N7.753 billion, the States got N25.842 billion, and the Local Governments received N18.089 billion.

The communiqué noted that in September 2025, Import Duty, VAT, and EMTL recorded significant increases, while Companies Income Tax (CIT) and CET Levies declined considerably. Petroleum Profit Tax (PPT) increased marginally, whereas Oil and Gas Royalties and Excise Duty experienced slight decreases.