FG, states, LGAs shared over N2trn in September | VAT revenue increased by N150bn - FAAC
[NigerianEye - Nigeria] - 18/10/2025
The federation account allocation committee (FAAC) says it shared a total sum of N2.10 trillion to the three tiers of government as federation allocation for September 2025. In a communiqué issued at FAAC’s October meeting chaired by Shamsudeen Ogunjimi, the accountant general of the federation, the ministry of finance said the total revenue distributable was drawn from a gross revenue of N3.05 trillion. According to a statement on Friday by Mohammed Manga, director of information and public relations at the ministry, the gross revenue comprised statutory revenue, value-added tax (VAT), (…)
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