The three tiers of government—Federal, State, and Local Government Councils (LGCs) shared a colossal sum of N2.094 trillion as the Federation Account Revenue for October 2025.
The sharing was concluded at the Federation Account Allocation Committee (FAAC) meeting held in Abuja.
The Office of the Accountant General of the Federation, in a communiqué released by the Director of Press and Public Relations, Bawa Mokwa, confirmed the figure, which marks one of the highest monthly distributions in recent history.
The total distributable revenue of N2.094 trillion was composed of three main streams namely; distributable statutory revenue of N1.376 trillion, distributable value added tax (VAT) of N670.303 billion and electronic money transfer levy (EMTL) of N47.870 billion.
The total gross revenue available for the month was N2.934 trillion before deductions, which included N115.278 billion for the cost of collection and N724.603 billion for transfers, interventions, refunds, and savings.
Following the sharing formula, the funds were distributed as follows: Federal Government – N758.405 billion, State Governments – N689.120 billion and Local Government Councils – N505.803 billion.
Additionally, the sum of N141.359 billion was shared among the oil-producing States as the 13 per cent derivation revenue on mineral revenue.
The largest component, the N1.376 trillion distributable statutory revenue, was split with the Federal Government taking N650.680 billion, State Governments receiving N330.033 billion, and Local Government Councils getting N254.442 billion, alongside the N141.359 billion derivation share.
For the N670.303 billion distributable VAT revenue, the Federal Government received N100.545 billion, States received N335.152 billion, and LGCs received N234.606 billion. The EMTL component, totaling N47.870 billion, saw N7.180 billion go to the Federal Government, N23.935 billion to States, and N16.755 billion to LGCs.
Analysis of the month’s figures revealed mixed performance from the various revenue streams. The gross statutory revenue for October stood at N2.164 trillion, representing an increase of N36.832 billion compared to the N2.128 trillion recorded in September 2025.
However, the Value Added Tax (VAT) recorded a significant decrease. The gross VAT revenue for October was N719.827 billion, which was N152.803 billion lower than the N872.630 billion available in September.
Revenue components that recorded significant increases in October 2025 included Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT) and CIT on Upstream Activities, Companies Income Tax (CIT), Capital Gains Tax (CGT) and Stamp Duty Tax (SDT), Oil & Gas Royalty, Import Duty, Excise Duty, and CET Levies. Conversely, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL), and Fees recorded decreases.