FAAC Disburses N2.103trn To Federal, State, Local Governments As September Allocations

A total sum of N2.103 trillion, being revenue from September 2025 into the federation account, has been shared to the federal government, 36 States and the 774 local government areas nationwide.

The revenue was shared at the October 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja on Friday, according to a statement issued by Office of the Accountant General of the Federation.

The N2.103 trillion total distributable revenue comprised distributable statutory revenue of N1.239 trillion, distributable Value Added Tax (VAT) revenue of N812.593 billion, electronic money transfer levy revenue of N51.684 billion.

A total gross revenue of N3.054 trillion was available in the month of September 2025, official data showed.

Total deduction for cost of collections by the revenue generating agencies for the month amounted to N116.149 billion while total transfers, interventions, refunds and savings took the country N835.005 billion.

Director of information at the OAGF, Bawa Mokwa, said gross statutory revenue of N2.128 trillion was received for the month which is lower than the sum of N2.838 trillion received in the month of August 2025 by N710.134 billion.

Gross revenue of N872.630 billion was available from the VAT in September 2025. This was higher than the N722.619 billion available in the month of August 2025 by N150.011 billion.

From the N2.103 trillion total distributable revenue, the Federal Government received total sum of N711.314 billion and the state governments received total sum of N727.170 billion.

The local government governments received N529.954 billion, while the sum of N134.956 billion (13% of mineral revenue) was shared to the benefiting states as derivation revenue.

On the N1.239 trillion distributable statutory revenue, the communiqué stated that the federal government received N581.672 billion and the state governments received N295.032 billion.

The LGAs received N227.457 billion and the sum of N134.956 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.

From the N812.593 billion distributable VAT revenue, the FG received N121.889 billion, the states received N406.297 billion and the LGAs received N284.408 billion.

A total sum of N7.753 billion was received by the Federal Government from the N51.684 billion electronic transfer levy, the state governments received N25.842 billion and the LGAs received N18.089 billion.