The Federation Accounts Allocation Committee (FAAC) has shared a total of N2.094 trillion from October 2025 revenue among the Federal Government, 36 states, and 774 local government councils. The allocation was confirmed at the FAAC meeting held in Abuja.

The total distributable revenue comprised:

• N1.376 trillion in statutory revenue
• N670.303 billion from Value Added Tax (VAT)
• N47.870 billion from the Electronic Money Transfer Levy (EMTL)

Gross revenue for October stood at N2.934 trillion, with N115.278 billion deducted as collection costs and N724.603 billion set aside for transfers, interventions, refunds, and savings. Statutory revenue increased slightly from N2.128 trillion in September to N2.164 trillion in October, while VAT inflows declined from N872.63 billion to N719.827 billion.

Breakdown of allocations:

• Federal Government: N758.405 billion
• State Governments: N689.120 billion
• Local Government Councils: N505.803 billion
• Oil-producing states (derivation revenue): N141.359 billion

Specifically:

• From statutory revenue, the Federal Government received N650.680 billion, states N330.033 billion, local councils N254.442 billion, and derivation to oil-producing states N141.359 billion.
• From VAT revenue, the Federal Government received N100.545 billion, states N335.152 billion, and local councils N234.606 billion.
• From EMTL revenue, allocations were N7.180 billion to the Federal Government, N23.935 billion to states, and N16.755 billion to local councils.

FAAC also noted that Petroleum Profit Tax, Hydrocarbon Tax, Companies Income Tax, Capital Gains Tax, Stamp Duty, royalties, import duties, excise duties, and Common External Tariff levies all recorded increases in October, while VAT, EMTL, and fees declined.

The distribution reflects ongoing adjustments in government revenue inflows and the performance of major sectors contributing to the Federation Account.