A total of ₦1.928 trillion from the November 2025 Federation Account Revenue has been shared among the Federal Government, State Governments, and Local Government Councils, the Federation Account Allocation Committee (FAAC) announced on Monday.
The revenue, distributed at the December 2025 FAAC meeting held in Abuja, comprised ₦1.403 trillion in statutory revenue, ₦485.838 billion in Value Added Tax (VAT) revenue, and ₦39.646 billion from the Electronic Money Transfer Levy (EMTL).
According to the FAAC communiqué, a total gross revenue of ₦2.343 trillion was available in November 2025, with deductions of ₦84.251 billion for collection costs and ₦330.625 billion for transfers, interventions, refunds, and savings.
Gross statutory revenue for the month was ₦1.736 trillion, marking a decline of ₦427.969 billion compared to October 2025, which recorded ₦2.164 trillion. Similarly, VAT gross revenue of ₦563.042 billion was ₦156.785 billion lower than the ₦719.827 billion collected in October.
From the ₦1.928 trillion distributable revenue, the Federal Government received ₦747.159 billion, State Governments got ₦601.731 billion, and Local Government Councils received ₦445.266 billion. Additionally, ₦134.355 billion, representing 13% of mineral revenue, was distributed to the benefiting states as derivation revenue.
Breakdown of the ₦1.403 trillion distributable statutory revenue showed that the Federal Government received ₦668.336 billion, State Governments ₦338.989 billion, and Local Governments ₦261.346 billion, while derivation revenue to states remained ₦134.355 billion.
From the ₦485.838 billion VAT revenue, allocations were ₦72.876 billion to the Federal Government, ₦242.919 billion to the states, and ₦170.043 billion to local councils. The ₦39.646 billion EMTL revenue was shared with the Federal Government receiving ₦5.947 billion, states ₦19.823 billion, and local councils ₦13.876 billion.
The FAAC communiqué further noted that in November 2025, Excise Duty increased moderately, while Petroleum Profit Tax (PPT), Hydrocarbon Tax, Companies Income Tax (CIT) on upstream activities, CIT, Capital Gains Tax (CGT), Stamp Duties (SDT), Oil & Gas Royalties, Import Duty, CET Levies, VAT, EMTL, and Fees recorded significant decreases compared to the previous month.
