On October 18, 2025, the Federation Account Allocation Committee (FAAC) announced the distribution of N2.103 trillion to the federal, state, and local governments for September 2025, finalized during its October meeting in Abuja. The funds comprised N1.239 trillion from statutory revenue, N812.593 billion from Value Added Tax (VAT), and N51.684 billion from the Electronic Money Transfer Levy (EMTL).
The gross revenue for September was N3.054 trillion, with deductions of N116.149 billion for collection costs and N835.005 billion for transfers, interventions, refunds, and savings. While statutory revenue dropped by N710.134 billion to N2.128 trillion from August’s N2.838 trillion, VAT revenue surged by N150.011 billion to N872.630 billion.
The Federal Government received N711.314 billion, states got N727.170 billion, local governments were allocated N529.954 billion, and oil-producing states received N134.956 billion as 13% derivation revenue. From the EMTL, the Federal Government got N7.753 billion, states received N25.842 billion, local governments got N18.089 billion, and N2.154 billion covered collection costs.
Despite increases in VAT, import duty, and EMTL, company income tax and CET levies declined, with marginal changes in petroleum profit tax, oil and gas royalty, and excise duty. The allocation aims to drive development across all government tiers.
