Oritsegbubemi Omatseyin
Lagos — The Federation Account Allocation Committee, FAAC, at its October 2025 meeting chaired by the Accountant General of the Federation, Shamsudeen B. Ogunjimi shared a total sum of N2.103 Trillion to the three tiers of government as Federation Allocation for the month of September 2025 from a gross total of N3.054 Trillion.
From the stated amount inclusive of Gross Statutory Revenue, Value Added Tax and Electronic Money Transfer Levy, the Federal Government received N711.314 Billion, the States received N727.170 Billion, the Local Government Councils got N529.954 Billion, while the Oil Producing States received N134.956 Billion as Derivation, (13% of Mineral Revenue).
The sum of N116.149 Billion was given for the cost of collection, while N835.005 Billion was allocated for Transfers, Intervention and Refunds.
The Communique issued by the Federation Account Allocation Committee at the end of the meeting indicated that the Gross Revenue available from the Value Added Tax for the month of September 2025, was N872.630 Billion as against N722.619 Billion distributed in the previous month, resulting in an increase of N150.011 Billion.
From the stated amount, the sum of N34.905 Billion was allocated for the cost of collection and the sum of N25.132 Billion given for Transfers, Intervention and Refunds. The remaining sum of N812.593 Billion was distributed to the three tiers of government, of which the Federal Government got N121.889 Billion, the States received N406.297 Billion and Local Government Councils got N284.408 Billion.
Accordingly, the Gross Statutory Revenue of N2.128 Trillion received for the month was lower than the sum of N2.838 Trillion received in the previous month by N710.134 Billion.
From the stated amount, the sum of N79.090 Billion was allocated for the cost of collection and a total sum of N809.873 Billion for Transfers, Intervention and Refunds.
The remaining balance of N1.239 Trillion was distributed as follows to the three tiers of government: Federal Government got the sum of N581.672 Billion, States received N295.032 Billion, the sum of N227.457 Billion was allocated to LGCs and N134.956 Billion was given to Derivation Revenue (13% Mineral producing States).
- Also, the sum of N53.838 Billion from Electronic Money Transfer Levy was distributed to the 3 tiers of government as follows: the Federal Government received N7.753 Billion, States got N25.842 Billion, Local Government Councils received N18.089 Billion, while N2.154 Billion was allocated for Cost of Collection.
Value Added Tax, Import Duty, and Electronic Money Transfer Levy increased significantly, while CET Levies and Company Income Tax decreased considerably. Petroleum Profit Tax increased marginally, while Oil and Gas Royalty and Excise Duty recorded marginal decreases.
According to the Communique, the total revenue distributable for the month of September 2025, was drawn from Statutory Revenue of N2.239 Trillion, Value Added Tax of N812.593 Billion and the sum of N51.684 Billion from Electronic Money Transfer Levy, bringing the total distributable amount for the month to N2.103 Trillion.
