The Federation Accounts Allocation Committee (FAAC) has shared a total sum of N2.103 trillion, being the September 2025 Federation Account revenue to the federal, state and local governments at the October meeting held in Abuja.
The total distributable revenue of N2.103 trillion comprised distributable statutory revenue of N1.239 trillion, distributable Value Added Tax (VAT) revenue of N812.593 billion and Electronic Money Transfer Tax (EMTL) revenue of N51.684 billion.
A statement issued by the Federation Accounts Allocation Committee (FAAC) indicated that a total gross revenue of N3.054 trillion was available in the month of September 2025.
The total deduction for collection cost was N116.149 billion, while the total transfers, interventions, refunds and savings was N835.005 billion.
According to the statement, gross statutory revenue of N2.128 trillion was received for the month of September 2025.
This was lower than the sum of N2.838 trillion received in the month of August 2025 by N710.134 billion.
As of September 2025, gross revenue of N872.63 billion was available from Value Added Tax (VAT). This was higher than the N722.619 billion available in the month of August 2025 by N150.011 billion.
In a statement on Friday by Bawa Mokwa, Director (Press and Public Relations), he said the statement said that of the total distributable revenue of N2.103 trillion, the federal government received a total sum of N711.314 billion and state governments received a total sum of N727.170 billion.
The local government council received N529.954 million while the sum of N134.956 million (13% of the mineral revenue) was shared with the beneficiary State as derived revenue.
On the distributable statutory revenue of N1.239 trillion, the statement stated that the federal government received N581.672 billion and state governments received N295.032 billion.
Local government councils received N227.457 million and the sum of N134.956 million (13% of mineral revenue) was shared among beneficiary states as derivation revenue.
Of the Value Added Tax (VAT) distributable revenue of N812.593 billion, the Federal Government received N121.889 billion, state governments received N406.297 billion and local government councils received N284.408 billion.
The federal government received a total sum of N7.753 billion from the Electronic Money Transfer Tax (EMTL) of N51.684 billion, state governments received N25.842 billion and local government councils received N18.089 billion.
In September 2025, import duties, value added tax (VAT) and electronic money transfer levy (EMTL) increased significantly, while corporate income tax (CIT) and AEC levies decreased significantly. Petroleum profits tax (PPT) increased marginally, while royalties and excise taxes on oil and gas recorded marginal decreases.
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