The revenue was shared at the November Federation Account Allocation Committee, FAAC, meeting on Wednesday in Abuja.

This is according to a communiqué issued at the end of the meeting, which was made available to newsmen by Bawa Mokwa, the Director, Press and Public Relations, Office of the Accountant-General of the Federation, OAGF.

The communiqué said that the N2.094 trillion total distributable revenue comprised distributable statutory revenue of N1.376 trillion, Value Added Tax, VAT, revenue of N670.303 billion, and Electronic Money Transfer Levy, EMTL, revenue of N47.870 billion.

The communiqué said that total gross revenue of N2.934 trillion was available in October.

It said that total deduction for cost of collection was N115.278 billion, while total transfers, interventions, refunds and savings was N724.603 billion.

“Gross statutory revenue of N2.164 trillion was received for the month of October. This was higher than the sum of N2.128 trillion received in September 2025 by N36.832 billion.

“Gross revenue of N719.827 billion was available from the VAT. This is lower than the N872.630 billion available in September by N152.803 billion,” it said.

The communiqué said that from the N2.094 trillion total distributable revenue, the federal government received a total sum of N758.405 billion and the state governments received N689.120 billion.

It said that the LGCs received N505.803 billion, while the sum of N141.359 billion (13 per cent of mineral revenue) was shared to the benefiting states as derivation revenue.

“On the N1.376 trillion distributable statutory revenue, the federal government received N650.680 billion and the state governments received N330.033 billion.

“The LGCs received N254.442 billion and the sum of N141.359 billion (13 per cent of mineral revenue) was shared to the benefiting states as derivation revenue,” it said.

It said that from the N670.303 billion VAT revenue, the federal government received N100.545 billion, the state governments received N335.152 billion and the LGCs received N234.606 billion.

It said that a total sum of N7.180 billion was received by the federal government from the N47.870 billion EMTL, the state governments received N23.935 billion and the LGCs received N16.755 billion.

Source: NAN

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The post FAAC: FG, states, LGCs share N2.094trn revenue for October appeared first on Frontpageng.

The disbursement was made during the Federation Account Allocation Committee, FAAC, meeting held in Abuja on Wednesday.

According to a communiqué issued by FAAC, the N2.25 trillion distributable revenue comprised N1.48 trillion statutory revenue and N672.90 billion Value Added Tax, VAT.

It also comprised N32.34 billion Electronic Money Transfer Levy, EMTL, and N41.28 billion from Exchange Difference.

The communiqué said that the total gross revenue available in August was N3.64 trillion.

“From this amount, N124.84 billion was deducted for collection costs, while N1.29 trillion was set aside for transfers, interventions, refunds, and savings,” it said.

It said that VAT revenue rose to N722.62 billion in August compared to N687.94 billion in July, showing an increase of N34.68 billion.

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“From the N1.48 trillion statutory revenue, the Federal Government received N684.46 billion, state governments received N347.17 billion, and LGs received N267.65 billion.

“Oil-producing states got N179.31 billion as 13 per cent derivation revenue,” the communiqué said.

It said that out of the N672.90 billion VAT revenue, the federal government received N100.94 billion, state governments received N336.45 billion, and local governments received N235.52 billion.

“From the N32.34 billion EMTL revenue, the Federal Government received N4.85 billion, states got N16.17 billion, while local government councils received N11.32 billion.

“From the N41.28 billion Exchange Difference, the Federal Government received N19.80 billion, state governments received N10.04 billion, and the LGs received N7.74 billion.

“Oil-producing states got N3.70 billion as derivation revenue,” it said.

The communiqué further said that gross statutory revenue in August stood at N2.84 trillion, a drop of N231.91 billion compared to N3.07 trillion recorded in July.

It said that oil and gas royalties, VAT, and CET levies recorded increases, while revenues from Petroleum Profit Tax, PPT, Companies Income Tax, CIT, import duty, EMTL, and excise duty declined.

The post FG, states, LGs share N2.35trn August revenue appeared first on Frontpageng.

This is according to a communiqué from FAAC made available by Bawa Mokwa, Director, Press and Public Relations, Office of the Accountant-General of the Federation, OAGF.

The revenue was shared at the July 2025 Federation Account Allocation Committee, FAAC, meeting held in Abuja on Friday night.

According to the communiqué, the N1.818 trillion total revenue comprised statutory revenue of N1.018 trillion, Value Added Tax, VAT, revenue of N631.507 billion and Electronic Money Transfer Levy, EMTL, of N29.165 billion.

It also comprised Exchange Difference revenue of N38.849 billion and N100 billion Augmentation from Non-Mineral revenue.

The communiqué indicated that total gross revenue of N4.232 trillion was available in June.

“Total deduction for cost of collection was N162.786 billion while total transfers, interventions, refunds and savings was N2.251 trillion.

“Gross statutory revenue of N3.485 trillion was received for the month of June. This was higher than the sum of N2.094 trillion received in the month of May by N1.39 trillion,” it said.

It said that gross revenue of N678.165 billion was available from VAT in June 2025, lower than the N742.820 billion available in the month of May by N64.655 billion.

The communiqué indicated that from the N1.818 trillion total distributable revenue, the Federal Government received total sum of N645.383 billion and the state governments received a total sum of N607.417 billion.

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It said that the LGs received N444.853 billion, while the sum of N120.759 billion (13 per cent of mineral revenue) was shared to the benefiting states as derivation revenue.

On the N1.018 trillion statutory revenue, the communiqué said that the federal government received N474.455 billion and the state governments received N240.650 billion.

“The LGs received N185.531 billion, and the sum of N118.256 billion (13 per cent of mineral revenue) was shared to the benefitting states as derivation revenue.

“From the N631.507 billion VAT revenue, the Federal Government received N94.726 billion, the state governments received N315.754 billion and the LGs received N221.027 billion.

“A total sum of N4.375 billion was received by the Federal Government from the N29.165 billion EMTL. The state governments received N14.582 billion and the LGs received N10.208 billion,” it said.

It further said that from the N38.849 billion Exchange Difference revenue, the Federal Government received N19.147 billion and the state governments received N9.712 billion.

“The LGs received N7.487 billion, while the sum of N2.503 billion (13 per cent of mineral revenue) was shared to the benefitting states as derivation revenue.

The communiqué said that the Federal Government received a total sum of N52.680 billion, the state governments received N26,720 billion and the LGs received N20.600 billion from the N100 billion Augmentation.

“In June, Companies Income Tax, Petroleum Profit Tax and EMTL increased significantly while Oil and Gas Royalty, VAT, Import Duty, Excise Duty and CET Levies decreased considerably,” it said.

Source: NAN

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A communiqué issued by Bawa Mokwa, the Director, Press and Public Relations, Office of the Accountant-General of the Federation, OAGF, said the revenue was shared at the April meeting of FAAC in Abuja.

The communiqué said that the total revenue of N1.578 trillion comprised statutory revenue of N931.325 billion, Value Added Tax (VAT) revenue of N593.750 billion, and Electronic Money Transfer Levy (EMTL) revenue of N24.971 billion.

“It also comprised Exchange Difference revenue of N28.711 billion,” it said.

It said that total gross revenue of N2.411 trillion was available in the month of March.

“Total deduction for cost of collection was N85.376 billion, while total transfers, interventions and refunds was N747.180 billion.

“Gross statutory revenue of N1.718 trillion was received for the month of March 2025. This was higher than the sum of N1.653 trillion received in February 2025 by N65.422 billion.

“Gross revenue of N637.618 billion was available from VAT. This was lower than the N654.456 billion available in February by N16.838 billion,” it said.

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The communiqué said that from the total revenue of N1.578 trillion, the Federal Government received N528.696 billion and the State Governments received N530.448 billion.

It said that the LGCs received total sum of N387.002 billion, and a total sum of N132.611 billion (13 per cent of mineral revenue) was shared to the benefiting states as derivation revenue.

“On the N931.325 billion statutory revenue, the Federal Government received N422.485 billion and the State Governments received N214.290 billion.

“The LGCs received N165.209 billion, and the sum of N129.341 billion (13 per cent of mineral revenue) was shared to the benefiting States as derivation revenue.

“From the N593.750 billion VAT revenue, the Federal Government received N89.063 billion, the State Governments received N296.875 billion and the LGCs received N207.813 billion,” it said.

It said that total sum of N3.746 billion was received by the Federal Government from the N24.971 billion EMTL, while he State Governments received N12.485 billion and the LGCs received N8.740 billion.

According to the communiqué, Petroleum Profit Tax (PPT) and Companies Income Tax (CIT) increased considerably while Oil and Gas royalty, EMTL, VAT, Excise Duty, Import Duty and CET Levies recorded decreases.

Source: NAN

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This was made known in a communiqué issued after the FAAC meeting on Thursday in Abuja.

According to the communiqué, the N1.727 trillion total distributable revenue comprised statutory revenue of N455.354 billion.

It also comprised distributable Value Added Tax, VAT, revenue of N585.700 billion, Electronic Money Transfer Levy, EMTL, revenue of N15.046 billion and Exchange Difference revenue of N671.392 billion.

The communiqué indicated that total gross revenue of N3.143 trillion was available in the month of November.

“Total deduction for cost of collection was N103.307 billion, while total transfers, interventions, and refunds was N1.312 trillion,” it said.

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It said that gross statutory revenue of N1.827 trillion was received for the month of November.

“This is higher than the sum of N1.336 trillion received in the month of October 2024 by N490.339 billion.

“Gross revenue of N628.972 billion was available from the VAT in November. This was lower than the N668.291 billion available in the month of October by N39.318 billion,” it said.

The communiqué said that from the N1.727 trillion total distributable revenue, the federal government received the total sum of N581.856 billion, and the state governments received N549.792 billion.

“The LGCs received the sum of N402.553 billion, and a total sum of N193.291 billion (13 per cent of mineral revenue) was shared to the benefiting states as derivation revenue,” it said.

On the N455.354 billion statutory revenue, the communiqué said that the federal government received N175.690 billion, and the state governments received N89.113 billion.

It said that the LGCs received N68.702 billion, and the sum of N121.849 billion (13 per cent of mineral revenue) was shared to the benefiting states as derivation revenue.

“From the N585.700 billion VAT revenue, the Federal Government received N87.855 billion, the state governments received N292.850 billion, and the LGCs received N204.995 billion.

“A total sum of N2.257 billion was received by the Federal Government from the N15.046 billion EMTL. The state governments received N7.523 billion, and the LGCs received N5.266 billion,” it said.

It said that in November, Oil and Gas Royalty and CET Levies recorded significant increases, while Excise Duty, VAT, Import Duty, Petroleum Profit Tax, Companies Income Tax, and EMTL decreased considerably.

Source: NAN

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This is according to a communique issued at the end of FAAC meeting for October held on Thursday in Abuja.

The communiqué was made available to newsmen by Bawa Mokwa, the Director, Press and Public Relations, Office of the Auditor-General of the Federation, OAGF.

According to the communiqué, N1.298 trillion total distributable revenue comprised distributable statutory revenue of N124.716 billion, and distributable Value Added Tax (VAT) revenue of N543.518 billion.

It also comprised Electronic Money Transfer Levy, EMTL, revenue of N18. 445 billion, Exchange Difference revenue of N462.191 billion and Augmentation of N150.000 billion.

It said that a total revenue of N2.258 trillion was available in the month of September.

“Total deduction for cost of collection was N80.993 billion, while total transfers, interventions and refunds was N878.946 billion,” it said.

According to the communiqué, gross statutory revenue of N1.043 trillion was received in September 2024, which was lower than the sum of N1.221 trillion received in August by N177.426 billion.

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It said that gross revenue of N583.675 billion was available from VAT in September, higher than the N573.341 billion available in the month of August by N10.334 billion.

“From the N1.298 trillion total distributable revenue, the Federal Government received a total sum of N424.867 billion, and the state governments received a total sum of N453.724 billion.

“The LGCs received a total sum of N329.864 billion and a total sum of N90.415 billion (13 per cent of mineral revenue) was shared to the benefiting states as derivation revenue,” it said.

On the N124.716 billion statutory revenue, the communiqué said that the federal government received N43.037 billion and the state governments received N21.829 billion, while the LGCs received N16.829 billion.

It said that the sum of N43.021 billion (13 per cent of mineral revenue) was shared to the benefitting states as derivation revenue.

“From the N543.518 billion VAT revenue, the Federal Government received N81.528 billion, the state governments received N271.759 billion and the LGCs received N190.231 billion,” it said.

It said that in September, Oil and Gas Royalty, Excise Duty, EMTL and CET Levies increased considerably while VAT and Import Duty increased marginally.

It added that Petroleum Profit Tax, PPT, Companies Income Tax, CIT, and others recorded significant decreases.

Source: NAN

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According to a communique issued by FAAC after its meeting on Tuesday, the N1.203 trillion total distributable revenue comprised statutory revenue of N186.636 billion, and Value Added Tax, VAT, revenue of N533.895 billion.

It also comprised Electronic Money Transfer Levy, EMTL, revenue of N15.017 billion and Exchange Difference revenue of N468.245 billion.

The communiqué indicated that total revenue of N2.278 trillion was available in August.

It said that total deduction for cost of collection was N81.975 billion, while total transfers, interventions and refunds were N992.617 billion.

According to the communiqué, gross statutory revenue of N1.221 trillion was received for the month of August.

“This was lower than the sum of N1.387 trillion received in July by N165.994 billion.

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“Gross revenue of N573.341 billion was available from VAT in August. This was lower than the N625.329 billion available in the month of July 2024 by N51.988 billion,” it said.

The communiqué said that from the N1.203 trillion total distributable revenue, the Federal Government received the sum of N374.925 billion and the state governments received total sum of N422.861 billion.

“The LGCs received a total sum of N306.533 billion, and a total sum of N99.474 billion (13 per cent of mineral revenue) was shared to the benefitting states as derivation revenue,” it said.

According to the communique, from the N533.895 billion VAT revenue, the Federal Government received N80.084 billion, the State Governments received N266.948 billion and the LGCs received N186.863 billion

It said that a total sum of N2.252 billion was received by the Federal Government from the N15.017 billion EMTL.

The state governments received N7.509 billion and the LGCs received N5.256 billion.

It said that Oil and Gas Royalty, Petroleum Profit Tax, PPT, VAT, Import and Excise Duties, EMTL, CET Levies and Companies Income Tax (CIT) all recorded decreases.

It said that the balance in the Excess Crude Account (ECA) was 473,754.57 dollars.

Source: NAN

The post FAAC: FG, states, LGCs share N1.203trn for August appeared first on Frontpageng.

This is contained in a communique issued after FAAC meeting for August on Friday in Abuja.

According to the communique, the N1.358 trillion total distributable fund comprised statutory revenue of N161.593 billion.

It also comprised Value Added Tax, VAT, revenue of N582.307 billion and Electronic Money Transfer Levy, EMTL, revenue of N18.818 billion.

Also included in the total distributable revenue was Exchange Difference revenue of N581.710 billion and Solid Mineral revenue of N13.647 billion.

The communique stated that a total revenue of N2.613 trillion was available in the month of July.

“Total deduction for cost of collection was N99.756 billion, while total transfers, interventions and refunds was N1.155 trillion ” it said.

According to the communique, gross statutory revenue of N1.387 trillion was received for the month of July.

“This was lower than the sum of N1.432 trillion received in the month of June by N45.517 billion,” it said.

It said that gross revenue of N625.329 billion was available from VAT in July, adding that it was higher than the N562.685 billion available in the month of June by N62.644 billion.

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“From the N1.358 trillion total distributable revenue, the Federal Government received the total sum of N431.079 billion and the state government received N473.477 billion.

“The LGCs received N343.703 billion, and a total sum of N109.816 billion (13 per cent of mineral revenue) was shared to the benefiting states as derivation revenue,” it said.

It said that on the N161.593 billion statutory revenue, the federal government received N58.545 billion and the state government received N29.695 billion.

It added that the LGCs received N22.894 billion, while the sum of N50.459 billion (13 per cent of mineral revenue) was shared to the benefitting states as derivation revenue.

It further said that in July, Oil and Gas Royalty, Petroleum Profit Tax (PPT), VAT, Import Duty, EMTL, and CET Levies increased significantly.

“Furthermore, Companies Income Tax (CIT) recorded a decrease while Excise Duties increased only marginally.

“The balance in the Excess Crude Account is 473, 754 dollars.”

Source: NAN

The post JUST IN: FG, states, LGs share N1.358trn for July appeared first on Frontpageng.

The revenue was shared at the July meeting of FAAC, held in Abuja and chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun.

A communiqué issued by FAAC stated that the N1.354 trillion total revenue comprised statutory revenue of N 142.514 billion, and Value Added Tax (VAT) revenue of N523.973 billion.

It also comprised Electronic Money Transfer Levy, EMTL, revenue of N15.692 billion, Exchange Difference revenue of N472.192 billion, and Augmentation of N200 billion.

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The communique said that a total revenue of N2.483 trillion was available in the month of June 2024.

“Total deduction for cost of collection was N92.112 billion, while total transfers, interventions, and refunds was N1.037 trillion.

“Gross statutory revenue of N1.432 trillion was received for the month of June. This was higher than the sum of N1.223 trillion received in the month of May by N208.773 billion.

“Gross revenue of N562.685 billion was available from VAT in June.

“This was higher than the N497.665 billion available in the month of May by N65.020 billion,” it said.

According to the communiqué, from the N1.354 trillion total revenue, the federal government received total sum of N459.776 billion, the state governments received total sum of N461.979 billion and the local government councils received total sum of N337.019 billion.

It said that a total sum of N95.598 billion (13 per cent of mineral revenue) was shared to the benefitting states as derivation revenue.

It added that the balance in the Excess Crude Account was 473, 754 dollars.

Source: NAN

The post FAAC: FG, states, LGs share N1.354trn June revenue appeared first on Frontpageng.

The revenue was shared on Thursday at the May meeting of FAAC in Abuja.

A communiqué issued by the committee said that the N1.208 trillion total distributable revenue comprised statutory revenue of N284.716 billion, and Value Added Tax (VAT) revenue of N466.457 billion.

It also comprised Electronic Money Transfer Levy, EMTL, revenue of N18.024 billion, and Exchange Difference revenue of N438.884 billion.

The communique said the total revenue of N2.192 billion was available in the month of April.

“Total deduction for cost of collection is N80.517 billion; total transfers, interventions and refunds is N903.479 billion.

“The communique said the gross statutory revenue of N1.233 billion was received for the month under review. This was higher than the sum of N1.017 billion received in the month of March  by N216.282 billion,” it said.

It said that the gross revenue available from VAT in April was N500.920 billion, which is lower than the N549.698 billion available in March by N48.778 billion.

The communiqué said that from the N1.208 trillion total distributable revenue, the federal government received N390.412 billion, the state governments received N403.403 billion and the LGCs received N293.816 billion.

“A total sum of N120.450 billion (13 per cent of mineral revenue) was shared to the benefitting states as derivation revenue,” it said.

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It said that on the N284.716 billion distributable statutory revenue, the federal government received N112.148 billion, the state governments received N56.883 billion and the local government councils received N43.855 billion.

It said that the sum of N71.830 billion (13 per cent of mineral revenue) was shared to the benefitting states as derivation revenue.

“The federal government received N69.969 billion, the state governments received N233.229 billion and the LGCs received N163.260 billion from the N466.457 billion distributable VAT revenue.

“A total sum of N2.704 billion was received by the federal government from the N18.024 billion EMTL, the state governments received N9.012 billion and the LGCs received N6.308 billion.

“The federal government received N205.591 billion from the N438.884 billion Exchange Difference revenue; the state governments received N104.279 billion, and the LGCs received N80.394 billion.

“The sum of N48.620 billion (13 per cent of mineral revenue) was shared to the benefitting states as derivation revenue,” it said.

According to the communiqué, Oil and Gas Royalties, Companies Income Tax (CIT); Excise Duty; Petroleum Profit Tax (PPT); EMTL and CET Levies increased significantly.

It, however, said that Import Duty and VAT recorded considerable decreases.

The balance in the ECA was 473.754 million dollars.

Source: NAN

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