The Federal Account Allocation Committee (FAAC) has shared a total sum of N2.103 trillion, among the Federal Government, States and the Local Government Councils for September 2025.
The revenue was shared at the October 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja.
The N2.103 trillion total distributable revenue comprised distributable statutory revenue of N1.239 trillion, distributable Value Added Tax (VAT) revenue of N812.593 billion, and Electronic Money Transfer Levy (EMTL) revenue of N51.684 billion.
A communiqué issued by the Federation Account Allocation Committee (FAAC) indicated that the total gross revenue of N3.054 trillion was available in the month of September 2025. Total deduction for cost of collection was N116.149 billion, while total transfers, interventions, refunds and savings was N835.005 billion.
According to the communiqué, gross statutory revenue of N2.128 trillion was received for the month of September 2025. This was lower than the sum of N2.838 trillion received in the month of August 2025 by N710.134 billion.
