FG, states, LGs share N2.1trn FAAC allocation for September

The Federation Account Allocation Committee, FAAC, has disbursed a total of N2.103 trillion to the three tiers of government as federation allocation for September 2025.

The allocation was made during FAAC’s October 2025 meeting, chaired by the Accountant General of the Federation, Shamsudeen Ogunjimi.

According to details from the meeting, the total shared amount was drawn from a gross revenue of N3.054 trillion, comprising Gross Statutory Revenue, Value Added Tax, VAT, and the Electronic Money Transfer Levy, EMTL.

Out of the distributed sum, the Federal Government received N711.31 billion, State Governments got N727.17 billion, and Local Government Councils were allocated N529.95 billion. Additionally, Oil Producing States received N134.96 billion as 13 percent derivation revenue.

The communique issued by FAAC after the meeting also indicated that N116.15 billion was set aside as the cost of collection, while N835.01 billion was allocated for transfers, interventions, and refunds.

It was noted that Gross Revenue from VAT for September 2025 stood at N872.63 billion, an increase of N150.01 billion compared to the N722.62 billion recorded in August 2025. From the VAT proceeds, N34.91 billion was deducted as the cost of collection, while N25.13 billion went to transfers, interventions, and refunds.

However, FAAC reported that Gross Statutory Revenue for the month declined to N2.128 trillion, representing a shortfall of N710.13 billion from the N2.838 trillion received in the previous month.

In addition, N53.84 billion from the Electronic Money Transfer Levy, EMTL, was distributed to all levels of government. From this amount, the Federal Government received N7.75 billion, State Governments N25.84 billion, and Local Governments N18.09 billion, while N2.15 billion was allocated for the cost of collection.

FAAC further noted that Value Added Tax, VAT, Import Duty, and EMTL revenues recorded significant increases during the month, while CET Levies and Company Income Tax, CIT, declined. Petroleum Profit Tax, PPT, increased slightly, whereas Oil and Gas Royalties and Excise Duty dropped marginally.