FAAC: FG, states, LGs Share N2.103trn as September revenue

By Obas Esiedesa, Abuja

The Federal Government, states, and section authorities councils person shared a full of N2.103 trillion arsenic gross from the Federation Account for September 2025.

The allocation was made astatine the Federation Account Allocation Committee (FAAC) gathering chaired by the Accountant-General of the Federation, Shamsudeen Ogunjimi, from a gross full of N3.054 trillion.

According to a connection by the Director of Information and Public Relations, Mohammed Manga, the magnitude shared comprised Gross Statutory Revenue, Value Added Tax (VAT), and the Electronic Money Transfer Levy (EMTL). From the total, the Federal Government received N711.314 billion, the states got N727.170 billion, the section governments received N529.954 billion, portion oil-producing states earned N134.956 cardinal arsenic 13% derivation revenue.

Manga added that N116.149 cardinal was acceptable speech for the outgo of collection, portion N835.005 cardinal went to transfers, interventions, and refunds.

The communique issued astatine the extremity of the gathering showed that gross gross from VAT for September stood astatine N872.630 billion, up by N150.011 cardinal from N722.619 cardinal recorded successful August.

Out of the VAT proceeds, N34.905 cardinal was allocated for the outgo of collection, and N25.132 cardinal for transfers, interventions, and refunds, leaving N812.593 cardinal for organisation among the 3 tiers of government. The Federal Government received N121.889 billion, states got N406.297 billion, and section governments received N284.408 billion.

The gross statutory gross for the period was N2.128 trillion, little than the N2.838 trillion recorded successful the erstwhile period — a alteration of N710.134 billion. From this, N79.090 cardinal was acceptable speech for the outgo of collection, and N809.873 cardinal for transfers, interventions, and refunds.

The equilibrium of N1.239 trillion was shared arsenic follows: Federal Government – N581.672 billion, states – N295.032 billion, section governments – N227.457 billion, and derivation (13%) – N134.956 billion.

In addition, N53.838 cardinal from EMTL was distributed, with the Federal Government receiving N7.753 billion, states – N25.842 billion, section governments – N18.089 billion, and N2.154 cardinal acceptable speech for postulation costs.

The connection noted that VAT, Import Duty, and EMTL recorded important increases, portion CET Levies and Company Income Tax (CIT) dropped considerably. Petroleum Profit Tax (PPT) accrued marginally, whereas Oil and Gas Royalties and Excise Duty saw flimsy declines.

According to the FAAC communique, the full distributable gross for September 2025 comprised N2.239 trillion from Statutory Revenue, N812.593 cardinal from VAT, and N51.684 cardinal from EMTL, bringing the full magnitude shared to N2.103 trillion.

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