The Federal Government, state governments, and Local Government Councils (LGCs) have shared a total of N2.094 trillion from the October 2025 Federation Account Revenue, the Office of the Accountant General of the Federation has announced.

This was disclosed at the November 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja.

This was contained in a statement signed by Bawa Mokwa, Director of Press and Public Relations.

It reads: “A total sum of N2.094 trillion, being October 2025 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils.

“The revenue was shared at the November 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja. The N2.094 trillion total distributable revenue comprised distributable statutory revenue of N1.376 trillion, distributable Value Added Tax (VAT) revenue of N670.303 billion, Electronic Money Transfer Levy (EMTL) revenue of N47.870 billion. A communiqué issued by the Federation Account Allocation Committee (FAAC) indicated that total gross revenue of N2.934 trillion was available in the month of October 2025. Total deduction for cost of collection was N115.278 billion while total transfers, interventions, refunds and savings was N724.603 billion.”

FAAC outlined the breakdown of the N2.094 trillion distributable revenue, stating partly: “From the N2.094 trillion total distributable revenue, the Federal Government received total sum of N758.405 billion and the State Governments received total sum of N689.120 billion.

The Local Government Council received N505.803 billion, while the sum of N141.359 billion (13% of mineral revenue) was shared to the benefiting State as derivation revenue.”

From the N670.303 billion Value Added Tax revenue, the Federal Government received N100.545 billion, state governments N335.152 billion, and LGCs N234.606 billion. The Electronic Money Transfer Levy of N47.870 billion yielded N7.180 billion for the Federal Government, N23.935 billion for states, and N16.755 billion for local councils.

The communiqué also highlighted sector-specific trends, noting that petroleum profit tax (PPT), hydrocarbon tax (HT), upstream companies income tax (CIT), oil and gas royalties, import duties, excise duties, and CET levies increased significantly in October.

Meanwhile, VAT, EMTL, and fees recorded decreases.