The Federation Account Allocation Committee (FAAC) has distributed a total of N2.094 trillion to the Federal Government, state governments, and local councils as revenue for October 2025. This was disclosed in a statement issued on Wednesday by the Director of Press and Public Relations, Bawa Mokwa, following FAAC’s November 2025 meeting in Abuja.
The N2.094 trillion distributable revenue comprised:
– N1.376 trillion statutory revenue
– N670.303 billion Value Added Tax (VAT) revenue
– N47.870 billion Electronic Money Transfer Levy (EMTL)
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According to the communiqué, gross statutory revenue for October stood at N2.164 trillion, an increase of N36.832 billion over the N2.128 trillion recorded in September. VAT revenue for October was N719.827 billion, a decrease of N152.803 billion from N872.630 billion in September.
Breakdown of the N2.094 trillion shared:
– Federal Government: N758.405 billion
– State Governments: N689.120 billion
– Local Government Councils: N505.803 billion
– Derivation (13% mineral revenue): N141.359 billion to benefiting states