FAAC Shares Record N2.1tn September Revenue Among Federal, State, and Local Governments

The Federation Account Allocation Committee (FAAC) has shared a total of N2.103 trillion as revenue for September 2025 among the Federal, state, and local governments — one of the highest monthly disbursements this year.

The figure was announced in a communiqué issued after FAAC’s October meeting in Abuja and detailed in a statement signed by Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant-General of the Federation. The total amount comprised N1.239 trillion from statutory allocations, N812.59 billion from Value Added Tax (VAT), and N51.68 billion from the Electronic Money Transfer Levy (EMTL).

According to the breakdown, the Federal Government received N711.31 billion, states got N727.17 billion, and local government councils shared N529.95 billion. Oil-producing states also received N134.96 billion as 13 percent derivation from mineral revenue. The disbursement reflects a 16 percent increase from the N1.813 trillion distributed in August and a 22 percent rise compared to July’s N1.728 trillion, marking the fourth consecutive month of revenue growth driven by stronger VAT and digital levy collections and a modest oil market rebound.

FAAC reported that total gross revenue for September stood at N3.054 trillion, up from N2.838 trillion in August. However, after deducting N116.15 billion for collection costs and N835 billion for transfers, interventions, and savings, N2.103 trillion was available for sharing. While VAT and EMTL revenues rose significantly, the committee noted declines in Companies Income Tax, Common External Tariff, and Oil and Gas Royalty due to ongoing challenges in crude production and global oil price instability.

Despite the mixed sectoral performance, FAAC said the continued improvement in VAT and digital transaction revenue underscores the strengthening of Nigeria’s non-oil economy and revenue diversification efforts.