…as total gross revenue falls to N2.93 trn
The Federation Account Allocation Committee (FAAC), at its November 2025 meeting chaired by Shamsudeen Ogunjimi, Accountant General of the Federation, shared a total sum of N2.094 trillion to the three tiers of government as Federation Allocation for the month of October 2025.
BusinessDay’s check revealed that the total sum disbursed, is a sharp decline from N2.103 trillion and N2.225 trillion disbursed in the months of October and September respectively.
The Communique issued at the end of the committee meeting on Wednesday, indicated that the total sum was from the total gross revenue of N2.934 trillion. This is also a decline from N3.054 trillion gross revenue posted in the previous month.
According to the Communique, “the total revenue distributable for the current month, was drawn from Statutory Revenue of N1.376 trillion, Value Added Tax (VAT) of N670.303 billion and the sum of N47.870 billion from Electronic Money Transfer Levy (EMTL), bringing the total distributable amount for the month to N2.094 trillion.”
Of the total amount disbursed, by the committee, the Federal Government received N758.405 billion, the States received N689.120 billion, the Local Government Councils got N505.803 billion, while the oil producing states received N141.395 billion as derivation, (13 percent of Mineral Revenue).
Also, the sum of N115.278 billion was given for the cost of collection, while N724.603 billion was allocated for Transfers Intervention and Refunds.
The Communique indicated that the gross revenue available from the Value Added Tax (VAT) for the month of October 2025, was N719.827 billion as against N872.630 billion distributed in the preceeding month, resulting in a decrease of N152.803 billion.
From the stated amount, the sum of N28.793 billion was allocated for the cost of collection and the sum of N20.731 billion given for Transfers, Intervention and Refunds. The remaining sum of N670.303 billion was distributed to the three tiers of government, of which the Federal Government got N100.545 billion, the States received N335.152 billion and Local Government Councils got N234.606 billion.
Read also: FAAC allocation to FG, States, LGs drop to N2.1trn, as gross revenues dip by 16%
Accordingly, the Gross Statutory Revenue of N2.164 trillion received for the month was higher than the sum of N2.128 trillion received in the previous month by N36.832 billion.
“From the stated amount, the sum of N84.490 billion was allocated for the cost of collection and a total sum of N703.872 billion for Transfers, Intervention and Refunds. The remaining balance of N1.376 trillion was distributed as follows to the three tiers of government: Federal Government got the sum of N650.680 billion, States received N330.033 billion, the sum of N254.442 billion was allocated to LGCs and N141.395 Billion was given to Derivation Revenue (13% Mineral producing States).”
Also, the sum of N49.865 billion from Electronic Money Transfer Levy (EMTL) was distributed to the three (3) tiers of government as follows: the Federal Government received N7.180 billion, States got N23.935 billion, Local Government Councils received N16.755 billion, while N1.995 billion was allocated for Cost of Collection.
