The Federation Account Allocation Committee (FAAC) distributed N2.094 trillion among Nigeria’s federal, state, and local governments from October 2025 revenue. The announcement by Accountant-General Shamsudeen Ogunjimi came after the November FAAC meeting, with funds from statutory revenue, VAT, and the Electronic Money Transfer Levy (EMTL).
Breakdown: Federal Government received N758.405 billion, States N689.120 billion, Local Governments N505.803 billion, and 13% Derivation to oil-producing states N141.395 billion. After deductions for collection costs and transfers, the total distributable revenue was finalized.
However, VAT revenues dropped sharply from September’s N872.63 billion to N719.827 billion in October. Statutory revenue slightly improved to N2.164 trillion. Meanwhile, the public calls for transparency grow stronger, with analysts like Musa Kure pointing out that rising allocations must translate into real development to ease inflation and hardship.
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