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Total FAAC allocation hits N2.094 trillion for October 2025, with federal, state, and local governments benefitting.
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VAT receipts decline by N152.8 billion, dropping from N872.63 billion in September to N719.83 billion.
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Federal Government gets N758.405 billion, states N689.120 billion, local councils N505.803 billion, while 13% derivation states receive N141.359 billion.
The Federation Account Allocation Committee (FAAC) has distributed N2.094 trillion to the federal, state, and local governments for October 2025, according to a statement released by Bawa Mokwa, Director of Press and Public Relations, following FAAC’s November meeting in Abuja.
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The gross revenue for October was N2.934 trillion, sourced from statutory revenue, Value Added Tax (VAT), and the Electronic Money Transfer Levy (EMTL). From this, N115.278 billion was deducted as collection costs, and N724.603 billion was reserved for transfers, interventions, refunds, and savings.
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FAAC reported a slight increase in statutory revenue, which rose to N2.164 trillion, up from N2.128 trillion in September. However, VAT collections fell sharply by N152.8 billion, from N872.630 billion in September to N719.827 billion in October, signaling reduced consumer spending or compliance challenges.
Of the total allocation, the Federal Government received N758.405 billion, states N689.120 billion, and local government councils N505.803 billion. States benefiting from the 13 percent derivation formula were allocated N141.359 billion.
The FAAC communiqué highlighted that Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT), Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duty (SDT), Oil and Gas Royalties, Import Duty, Excise Duty, and CET Levies all recorded notable increases. Meanwhile, VAT, EMTL, and Fees declined during the month.
