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The federal, state and local government councils have shared a total of N1.928 trillion as Federation Account revenue for November 2025.
The allocation was made at the December 2025 meeting of the Federation Account Allocation Committee, FAAC,, held in Abuja.
A communiqué on Monday by OAGF spokesperson, Bawa Mokwa after the meeting disclosed that the total distributable revenue comprised N1.403 trillion from statutory revenue, N485.838 billion from Value Added Tax (VAT), and N39.646 billion from the Electronic Money Transfer Levy (EMTL).
According to FAAC, gross revenue of N2.343 trillion was available in November 2025. From this amount, N84.251 billion was deducted as the cost of collection, while N330.625 billion was set aside for transfers, interventions, refunds, and savings.
The communiqué further revealed that gross statutory revenue for the month stood at N1.736 trillion, representing a decline of N427.969 billion compared to the N2.164 trillion recorded in October 2025.
Similarly, gross VAT revenue fell to N563.042 billion in November, down by N156.785 billion from the N719.827 billion recorded in October.
From the total distributable sum of N1.928 trillion, the Federal Government received N747.159 billion, state governments received N601.731 billion, while local government councils received N445.266 billion. In addition, oil-producing states shared N134.355 billion as 13 percent of derivation revenue.
A breakdown of the N1.403 trillion statutory revenue showed that the federal government received N668.336 billion, states got N338.989 billion, and local governments received N261.346 billion, while N134.355 billion was allocated as derivation revenue.
From the N485.838 billion VAT pool, the federal government received N72.876 billion, states received N242.919 billion, and local governments got N170.043 billion.
The EMTL revenue of N39.646 billion was shared, with the Federal Government receiving N5.947 billion, state governments N19.823 billion, and local governments N13.876 billion.
FAAC noted that excise duty recorded a moderate increase in November, while revenues from Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT), Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duties, oil and gas royalties, import duty, CET levies, VAT, EMTL, and fees witnessed significant declines.
FAAC revenue drops as FG, states, LGs share N1.928 trillion in November
