*The Federation Account Allocation Committee has disclosed it shared total N2.094 trillion revenue for October 2025 among the Federal Government, 36 States and 774 Local Government Councils in Nigeria

Emmanuel Akosile | 绿帽献妻

The Federation Account Allocation Committee (FAAC) has disclosed it shared total N2.094 trillion revenue for October 2025 among the Federal Government, 36 States and 774 Local Government Councils (LGCs).

FAAC said it shared the October revenue at the November Federation Account Allocation Committee (FAAC) meeting Wednesday, November 19, 2025, in Abuja, FCT.

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Bawa Mokwa, Director, Press and Public Relations, Office of the Accountant-General of the Federation (OAGF), in a communiqu茅 issued at the end of the meeting.

The communiqu茅 said that the N2.094 trillion total distributable revenue comprised distributable statutory revenue of N1.376 trillion, Value Added Tax (VAT) revenue of N670.303 billion, and Electronic Money Transfer Levy (EMTL) revenue of N47.870 billion.

The communiqu茅 said the total gross revenue of N2.934 trillion was available October 2025.

The Committee also noted the total deduction for cost of collection was N115.278 billion, while total transfers, interventions, refunds and savings was N724.603 billion.

FAAC stated: 鈥淕ross statutory revenue of N2.164 trillion was received for the month of October.

“This was higher than the sum of N2.128 trillion received in September 2025 by N36.832 billion.

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鈥淕ross revenue of N719.827 billion was available from the VAT. This is lower than the N872.630 billion available in September by N152.803 billion.”

The communiqu茅 also said that from the N2.094 trillion total distributable revenue, the Federal Government received a total sum of N758.405 billion and the state governments received N689.120 billion.

It said that the LGCs received N505.803 billion, while the sum of N141.359 billion (13 per cent of mineral revenue) was shared to the benefiting states as derivation revenue.

FAAC as well explained: 鈥淥n the N1.376 trillion distributable statutory revenue, the Federal Government received N650.680 billion and the state governments received N330.033 billion.

鈥淭he LGCs received N254.442 billion and the sum of N141.359 billion (13 per cent of mineral revenue) was shared to the benefiting States as derivation revenue.”

It said that from the N670.303 billion VAT revenue, the Federal Government received N100.545 billion, the state governments received N335.152 billion and the LGCs received N234.606 billion.

It said that a total sum of N7.180 billion was received by the Federal Government from the N47.870 billion EMTL, the state governments received N23.935 billion and the LGCs received N16.755 billion.

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