The Federation Account Allocation Committee (FAAC) has shared ₦2.094 trillion in revenue for October 2025 among the Federal Government, states, and local governments.

Gross revenue for the month was ₦2.934 trillion, from which statutory deductions and transfers brought the distributable amount to ₦2.094 trillion.

Distribution

Federal Government: ₦758.405 billion

States: ₦689.120 billion

Local Governments: ₦505.803 billion

13% Derivation (Oil-producing states): ₦141.359 billion

Revenue Components

Statutory revenue: ₦1.376 trillion

VAT: ₦670.303 billion

EMTL: ₦47.870 billion

FAAC noted increases in major taxes like petroleum profit tax, company income tax, and customs revenues, while VAT and EMTL recorded declines. Visit www.jocomms.com for more news.