Nigerian FAAC Revenue Disbursements Hit N18.5tn in 10 Months, Surpassing Previous Records

The Federal Account Allocation Committee (FAAC) disbursed a total of N18.54 trillion to the federal, state, and local governments in Nigeria from January to October 2025, marking a historic revenue distribution. This amount has already surpassed the total revenue for the whole of 2024.

The surge in revenue is attributed to sustained fiscal reform policies by the federal government, including the removal of fuel subsidies and adjustments in foreign exchange rates. The increase in both oil and non-oil receipts, such as VAT collections and electronic transfer levies, has helped cushion fiscal pressures across all levels of government.