The distributable revenue included ₦1.239 trillion from statutory allocations, ₦812.59 billion from Value Added Tax, and ₦51.68 billion from the Electronic Money Transfer Levy. The Federal Government received ₦711.31 billion, states got ₦727.17 billion, local governments shared ₦529.95 billion, and oil-producing states received ₦134.96 billion as 13% derivation from mineral revenue.
This represents a 16% increase from August’s ₦1.813 trillion and a 22% rise compared to July’s ₦1.728 trillion allocation. The growth marks the fourth consecutive monthly revenue increase in 2025, driven by improved VAT performance, digital transaction levies, and moderate oil price recovery.
From statutory revenue, the Federal Government took ₦581.67 billion, states received ₦295.03 billion, local councils got ₦227.46 billion, and derivation accounted for ₦134.96 billion. VAT allocations saw the Federal Government receive ₦121.89 billion, states get ₦406.30 billion, and local governments receive ₦284.41 billion.
Gross statutory revenue for September was ₦2.128 trillion, down ₦710 billion from August’s ₦2.838 trillion. However, VAT collections rose to ₦872.63 billion, up ₦150 billion from the previous month. After deductions for revenue collection costs and transfers, ₦2.103 trillion remained for distribution.
Import Duty, VAT, and EMTL receipts increased significantly, reflecting stronger non-oil sector performance. However, Companies Income Tax and Common External Tariff levies declined, while Petroleum Profit Tax saw marginal growth. Oil and Gas Royalty and Excise Duty dipped slightly due to crude production challenges and oil price volatility.
FAAC distributes federally collected revenues, including oil sales, taxes, and duties, to all government tiers based on statutory formulas.