By Iyunade Grace
The Federation Account Allocation Committee (FAAC) has shared a total of N1.928 trillion from November’s revenue among the Federal Government, state governments, and local government councils. This allocation was approved at FAAC’s December 2025 meeting, chaired by the Minister of State for Finance, Doris Uzoka-Anite.
The gross revenue available for November stood at N2.343 trillion, with N84.251 billion deducted as the cost of collection and N330.625 billion allocated for transfers, interventions, refunds, and savings. The 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 (EMT).
The Federal Government received N747.159 billion, while state governments got N601.731 billion, and local government councils received N445.266 billion. Additionally, oil-producing states received N134.355 billion as derivation revenue, representing 13% of mineral revenue.
VAT revenue declined by N156.785 billion, from N719.827 billion in October to N563.042 billion in November. The Federal Government received N72.876 billion from VAT, while state governments got N242.919 billion, and local government councils received N170.043 billion.
Gross statutory revenue for November stood at N1.736 trillion, representing a decline of N427.969 billion compared to the N2.164 trillion recorded in October. The Federal Government received N668.336 billion from statutory revenue, while state governments got N338.989 billion, and local government councils received N261.346 billion.
The decline in revenue is attributed to significant decreases in Petroleum Profit Tax, Hydrocarbon Tax, Company Income Tax, Oil and Gas Royalties, Import Duty, CET Levies, VAT, and EMTL. However, excise duty recorded a moderate increase during the period.
