The ₦2.094 trillion distributable revenue consisted of ₦1.376 trillion statutory revenue, ₦670.303 billion Value Added Tax revenue, and ₦47.870 billion from the Electronic Money Transfer Levy. Gross revenue for October stood at ₦2.934 trillion, with deductions of ₦115.278 billion for collection costs and ₦724.603 billion for transfers, interventions, refunds, and savings.
Gross statutory revenue for October was ₦2.164 trillion, an increase of ₦36.832 billion compared to September 2025. However, VAT inflow for October was ₦719.827 billion, lower than September’s ₦872.630 billion by ₦152.803 billion.
The Federal Government received ₦758.405 billion, state governments received ₦689.120 billion, and local government councils got ₦505.803 billion. An additional ₦141.359 billion, representing 13% of mineral revenue, was allocated to oil-producing states as derivation revenue.
From the statutory revenue, the Federal Government received ₦650.680 billion, states received ₦330.033 billion, and local governments received ₦254.442 billion, with ₦141.359 billion for derivation. From VAT revenue, the Federal Government received ₦100.545 billion, states received ₦335.152 billion, and local governments received ₦234.606 billion.
From the Electronic Money Transfer Levy, ₦7.180 billion went to the Federal Government, ₦23.935 billion to states, and ₦16.755 billion to local governments.
In October 2025, Petroleum Profit Tax, Hydrocarbon Tax, Companies Income Tax on upstream activities, general Companies Income Tax, Capital Gains Tax, Stamp Duty Tax, oil and gas royalty, import duty, excise duty, and Common External Tariff levies all increased. However, revenue from Value Added Tax, Electronic Money Transfer Levy, and fees declined during the month.
The distribution reflects ongoing adjustments in government revenue inflows and the performance of major sectors contributing to the Federation Account.