 has shared a total sum of ₦2.103 Trillion among the three tiers of government){kind=link}
FAAC Allocates ₦2.1 Trillion to Three Tiers of Government for September 2025
The Federation Account Allocation Committee (FAAC) has shared a total sum of ₦2.103 Trillion among the three tiers of government as Federation Allocation for September 2025. This disbursement came from a gross total revenue of ₦3.054 Trillion.
The meeting, chaired by the Accountant General of the Federation, Shamsudeen B. Ogunjimi, saw the Federal Government receive the largest share, while revenue from Value Added Tax (VAT) recorded a significant increase.
Breakdown of September Allocation
The total distributable amount of ₦2.103 Trillion—which includes Gross Statutory Revenue, VAT, and Electronic Money Transfer Levy (EMTL)—was allocated as follows:
* Federal Government (FG): ₦711.314 Billion
* State Governments: ₦727.170 Billion
* Local Government Councils (LGCs): ₦529.954 Billion
* Oil Producing States (13% Derivation): ₦134.956 Billion
The Communique, signed by Mohammed Manga FCIA, Director of Information and Public Relations, detailed that ₦116.149 Billion was set aside for the cost of collection, while ₦835.005 Billion was allocated for Transfers, Intervention, and Refunds.
VAT Revenue Surges by ₦150 Billion
Revenue from the Value Added Tax (VAT) saw a major increase, reaching ₦872.630 Billion for September, an increase of ₦150.011 Billion compared to the ₦722.619 Billion distributed in the previous month.
After deductions, the distributable VAT revenue of ₦812.593 Billion was shared with States receiving the largest portion:
* States (VAT Share): ₦406.297 Billion
* Federal Government (VAT Share): ₦121.889 Billion
* LGCs (VAT Share): ₦284.408 Billion
Statutory Revenue and Trends
In contrast, the Gross Statutory Revenue of ₦2.128 Trillion received for the month was lower than the ₦2.838 Trillion recorded in August, representing a decrease of ₦710.134 Billion.
A review of revenue components showed that Value Added Tax (VAT), Import Duty, and Electronic Money Transfer Levy (EMTL) increased significantly. However, CET Levies and Company Income Tax (CIT) decreased considerably. Petroleum Profit Tax (PPT) saw a marginal increase, while Oil and Gas Royalty and Excise Duty recorded slight decreases.