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.
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.