The Federal Government, states and local governments shared a total of N2.094tn as October 2025 revenue, slightly lower than the N2.103tn distributed for September.
The latest figure shows a marginal shortfall of N9bn, representing a 0.43 per cent decrease month-on-month.
The allocation figures were released after the Federation Account Allocation Committee meeting in Abuja on Wednesday.
A statement signed by the Director of Press and Public Relations at the Office of the Accountant-General of the Federation, Bawa Mokwa, detailed the breakdown of the funds shared across all tiers of government.
The statement read, “A total sum of N2.094tn, being October 2025 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils.”
According to the communiqué, the N2.094tn distributed comprised N1.376tn statutory revenue, N670.303bn from Value Added Tax, and N47.870bn from the Electronic Money Transfer Levy.
It added that total gross revenue for October stood at N2.934tn, from which N115.278bn was deducted for the cost of collection, while N724.603bn went to transfers, interventions, refunds and savings.
Statutory revenue performed slightly better in October. Gross statutory inflow rose to N2.164tn, higher than the N2.128tn recorded in September by N36.832bn. VAT, however, declined sharply.
Gross VAT collection dropped to N719.827bn, down by N152.803bn compared with the N872.630bn generated in September.
From the N2.094tn distributable pool, the Federal Government received N758.405bn, states received N689.120bn, and local government councils got N505.803bn.
A total of N141.359bn, representing 13 per cent of mineral revenue, was shared among oil-producing states as derivation.
On the statutory revenue component of N1.376tn, the Federal Government received N650.680bn, states got N330.033bn, while local governments received N254.442bn.
The derivation allocation of N141.359bn also came from this component.
From the N670.303bn VAT revenue, the Federal Government took N100.545bn. States shared N335.152bn, while local governments received N234.606bn.
