The federal government, states, and local government councils shared N2.094 trillion in revenue for October, according to the latest figures released by the Federation Accounts Allocation Committee (FAAC).
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 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.
According to the communiqué, gross statutory revenue of N2.164 trillion was received for the month of October 2025. This was higher than the sum of N2.128 trillion received in the month of September 2025 by N36.832 billion.
Gross revenue of N719.827 billion was available from the Value Added Tax (VAT) in October 2025. This was lower than the N872.630 billion available in the month of September 2025 by N152.803 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.
On the N1.376 trillion distributable statutory revenue, the communiqué stated that the Federal Government received N650.680 billion and the State Governments received N330.033 billion.
The Local Government Councils received N254.442 billion and the sum of N141.359 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue. From the N670.303 billion distributable Value Added Tax (VAT) revenue, the Federal Government received N100.545 billion, the State Governments received N335.152 billion and the Local Government Councils received N234.606 billion.
N7.180 billion was received by the Federal Government from the N47.870 billion Electronic Money Transfer Levy (EMTL), the State Governments received N23.935 billion and the Local Government Councils received N16.755 billion.
In October 2025, Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT) and CIT on Upstream Activities, Companies Income Tax (CIT), CGT and SDT, Oil & 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.
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