The Federation Account Allocation Committee (FAAC), at its November 2025 meeting chaired by the Accountant General of the Federation, Shamsudeen B. Ogunjimi, shared a total sum of N2.094 trillion to the three tiers of government as Federation Allocation for the month of October 2025 from a gross total of N2.934 trillion.
From the stated amount inclusive of Gross Statutory Revenue, Value Added Tax (VAT) and Electronic Money Transfer Levy (EMTL), the Federal Government received N758.405 billion, the states received N689.120 billion, the Local Government Councils got N505.803 billion, while the oil-producing states received N141.395 billion as Derivation, (13% of Mineral Revenue).
The sum of N115.278 billion was given for the cost of collection, while N724.603 billion was allocated for Transfers Intervention and Refunds.
The communique issued by the Federation Account Allocation Committee (FAAC) at the end of the meeting indicated that the Gross Revenue available from the Value Added Tax (VAT) for October 2025, was N719.827 billion as against N872.630 billion distributed in the preceding month, resulting in a decrease of N152.803 billion.
From the stated amount, the sum of N28.793 billion was allocated for the cost of collection and the sum of N20.731 billion given for Transfers, Intervention and Refunds.
The remaining sum of N670.303 billion was distributed to the three tiers of government, of which the Federal Government got N100.545 billion, the states received N335.152 billion and Local Government Councils got N234.606 billion.
Accordingly, the Gross Statutory Revenue of N2.164 trillion received for the month was higher than the sum of N2.128 trillion received in the previous month by N36.832 billion.
From the stated amount, the sum of N84.490 billion was allocated for the cost of collection and a total sum of N703.872 billion for Transfers, Intervention and Refunds.
The remaining balance of N1.376 trillion was distributed as follows to the three tiers of government: Federal Government got the sum of N650.680 billion, states received N330.033 billion, the sum of N254.442 billion was allocated to LGCs and N141.395 billion was given to Derivation Revenue (13% mineral-producing states).
Also, the sum of N49.865 billion from Electronic Money Transfer Levy (EMTL) was distributed to the three (3) tiers of government as follows: the Federal Government received N7.180 billion, states got N23.935 billion, Local Government Councils received N16.755 billion, while N1.995 billion was allocated for Cost of Collection.
Petroleum Profit Tax (PPT)/Hydrocarbon Tax (HT) and Company Income Tax (CIT) on Upstream Activities, Company Income Tax (CIT)/CGT and SDT, Oil and Gas Royalty, Import Duty, Excise Duty and CET Levies increased significantly, while Value Added Tax ( VAT), Electronic Money Transfer Levy (EMTL) and fees recorded decreases.
According to the communique, the total revenue distributable for the current month of October 2025, was drawn from Statutory Revenue of N1.376 trillion, Value Added Tax (VAT) of N670.303 billion and the sum of N47.870 billion from Electronic Money Transfer Levy (EMTL), bringing the total distributable amount for the month to N2.094 trillion.
