The Federation Account Allocation Committee (FAAC) has shared a total sum of N2.103 trillion among the federal, state, and local governments as allocation for September 2025, from a gross total of N3.054 trillion.
The communiqué issued at the end of the FAAC meeting, chaired by the Accountant General of the Federation, Shamsudeen B. Ogunjimi, showed that the Federal Government received N711.31 billion, the States received N727.17 billion, and the Local Government Councils got N529.95 billion. The Oil-Producing States received N134.96 billion as 13% derivation revenue.
A total of N116.15 billion was set aside for the cost of collection, while N835.01 billion was allocated for transfers, interventions, and refunds.
The communiqué revealed that revenue from Value Added Tax (VAT) rose to N872.63 billion in September, an increase of N150 billion compared to the previous month. From this amount, N812.59 billion was distributed among the three tiers of government, with the Federal Government receiving N121.89 billion, States N406.30 billion, and LGs N284.41 billion.
Gross statutory revenue, however, declined to N2.128 trillion, down by N710.13 billion from August’s figure. From this, N1.239 trillion was shared after statutory deductions.
Revenue from the Electronic Money Transfer Levy (EMTL) totaled N53.84 billion, distributed as follows: N7.75 billion to the Federal Government, N25.84 billion to States, and N18.09 billion to Local Governments.
FAAC noted that while VAT, Import Duty, and EMTL increased significantly, CET Levies and Company Income Tax (CIT) declined during the month.
The total distributable revenue for September comprised Statutory Revenue (N2.239 trillion), VAT (N812.59 billion), and EMTL (N51.68 billion), bringing the total to N2.103 trillion.
