The Federation Account Allocation Committee, FAAC, mentioned the Federal Authorities, states and native governments shared a complete of N2.094 trillion as October 2025 revenue, barely decrease than the N2.103 trillion distributed for September.
The most recent determine reveals a marginal shortfall of N9 billion, representing a 0.43 per cent lower month-on-month.
FAAC launched the figures throughout its assembly in Abuja on Wednesday.
A press release signed by the Director of Press and Public Relations on the Workplace of the Accountant-Normal of the Federation, Bawa Mokwa, detailed the breakdown of the funds shared throughout all tiers of presidency.
“A complete sum of N2.094 trillion, being October 2025 Federation Account Revenue, has been shared to the Federal Authorities, states and the native authorities councils,” the assertion learn.
It mentioned the N2.094 trillion distributed comprised N1.376 trillion statutory revenue, N670.303 billion from Worth Added Tax, and N47.870 billion from the Digital Cash Switch Levy, EMTL.
In keeping with the assertion, whole gross revenue for October stood at N2.934 trillion, from which N115.278 billionwas deducted for the price of assortment, whereas N724.603 billion went to transfers, interventions, refunds and financial savings.
Statutory revenue carried out barely higher in October. Gross statutory influx rose to N2.164 trillion, larger than the N2.128 trillion recorded in September by N36.832 billion VAT, nonetheless, declined sharply.
Gross VAT assortment dropped to N719.827 billion, down by N152.803 billion in contrast with the N872.630 billion generated in September.
From the N2.094 trillion distributable pool, the Federal Authorities acquired N758.405 billion, states acquired N689.120 billion, and native authorities councils obtained N505.803 billion.
A complete of N141.359 billion representing 13 per cent of mineral revenue, was shared amongst oil-producing states as derivation.
On the statutory revenue part of N1.376 trillion, the Federal Authorities acquired N650.680 billion, states obtained N330.033 billion whereas native governments acquired N254.442 billion. The derivation allocation of N141.359 billion additionally got here from this part.
From the N670.303 billion VAT revenue, the Federal Authorities took N100.545bn. States shared N335.152 billion, whereas native governments acquired N234.606 billion.
The EMTL distribution confirmed that out of the N47.870 billion collected, the Federal Authorities acquired N7.180 billion. States obtained N23.935 billion, and native governments acquired N16.755 billion.
The communiqué famous enhancements in petroleum revenue tax, hydrocarbon tax, corporations’ earnings tax on upstream actions, capital good points tax, stamp duties, oil and gasoline royalty, import obligation, excise obligation and customary exterior tariff levies. It additionally confirmed declines in VAT, EMTL and charges.
The October allocation continues a development of excessive month-to-month FAAC distributions above N2 trillion, pushed by elevated oil receipts, sturdy tax collections and improved remittances from key revenue-generating companies. But the slight decline from September’s N2.103 trillion reveals volatility in VAT and EMTL inflows, which stay delicate to consumption patterns and transaction volumes.
The tenth version of the BudgIT State of States Report earlier revealed that over 30 states in Nigeria depend on Federation Account Allocation Committee allocations for his or her revenue, resulting in fiscal pressures.
In whole, 31 states trusted FAAC for at the very least 80 per cent of their present revenue, indicating simply how difficult the fiscal state of affairs has turn out to be for a lot of of them.
For instance, Lagos’s FAAC allocation rose from N4.24 billion to N11.38 billion, a large enhance that highlights how vital federation account transfers have turn out to be inside a single fiscal yr. Nonetheless, credit score ought to go to the states that recorded sturdy year-on-year progress, in addition to those who grew constantly over the ten-year interval we reviewed.
Fifteen states grew their internally generated revenue by greater than fifty per cent, with Enugu recording the very best enhance, whereas solely two states had detrimental IGR progress. Kebbi is a type of, sadly, and it’s a reminder that each the federal government and residents there must take revenue era extra severely.
The report added that 29 states relied on FAAC receipts for at the very least half of their whole revenue, 28 states relied on FAAC for at the very least 55 per cent of their whole revenue, and 21 relied on it for over 70 per cent.
