FG, States, LGs share N2.1trn for September–FAAC

Barbara Bako, Abuja.

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 disclosed in a communiqué issued after the FAAC meeting held in Abuja on Friday.

According to the communiqué, 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.

FAAC reported that the total gross revenue available in September was N3.054 trillion, from which N116.149 billion was deducted for collection costs, and N835.005 billion was set aside for transfers, interventions, refunds, and savings.

The gross statutory revenue of N2.128 trillion recorded in September was N710.134 billion lower than the N2.838 trillion received in August, while VAT revenue rose to N872.630 billion from N722.619 billion in the previous month.

From the total distributable revenue of N2.103 trillion, the Federal Government received N711.314 billion, State Governments received N727.170 billion, and Local Government Councils got N529.954 billion.

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The sum of N134.956 billion (representing 13% of mineral revenue) was shared to oil-producing states as derivation revenue.

Further breakdown showed that from the N1.239 trillion statutory revenue, the Federal Government received N581.672 billion, States received N295.032 billion, and Local Governments got N227.457 billion, while derivation revenue stood at N134.956 billion.

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

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

FAAC noted that in September, Import Duty, VAT, and EMTL increased significantly, while Companies Income Tax (CIT) and CET Levies declined while Petroleum Profit Tax (PPT) rose marginally, whereas Oil and Gas Royalty and Excise Duty recorded slight decreases.