The Federation Account Allocation Committee (FAAC) reported on Monday, December 15, that a total sum of N1.928 trillion accrued to the Federation Account Revenue in November this year and that the sum had been shared to the federal, states and the local governments.
A statement issued by the Director (Press and Public Relations) at the Office of the Accountant-General of the Federation, Mr. Bawa Mokwa, indicated that the revenue was shared to the three tiers of government during the December 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja.
According to him, the N1.928 trillion total distributable revenue comprised distributable Statutory revenue of N1.403 trillion, distributable Value Added Tax (VAT) revenue of N485.838 billion, and distributable Electronic Money Transfer Levy (EMTL) revenue of N39.646 billion.
Bawa disclosed that a communiqué issued by the FAAC on the revenue sharing showed that total gross revenue of N2.343 trillion was available in the month of November 2025. Total deduction for cost of collection was N84.251 billion while total transfers, interventions, refunds and savings was N330.625 billion.
- Advertisement -
According to the communiqué, gross statutory revenue of N1.736 trillion was received for the month of November 2025. This was lower than the sum of N2.164 trillion received in the month of October 2025 by N427.969 billion.
The FAAC reported that Gross revenue of N563. 042 billion was available from the Value Added Tax (VAT) in November 2025, lower by N156.785 billion to the N719.827 billion available in the the preceding month.
The communiqué reflected that from the N1.928 trillion total distributable revenue, the Federal Government received total sum of N747.159 billion and the State Governments shared N601.731 billion compared to the Local Government Councils’ N445.266 billion, while the sum of N134.355 billion (13% of mineral revenue) was shared to the benefiting states as derivation revenue.
The FAAC further reported that from the N1.403 trillion distributable statutory revenue in the month, the Federal Government received N668.336 billion, the State Governments received N338.989 billion, the Local Government Councils shared N261.346 billion while the sum of N134.355 billion (13% of mineral revenue) was shared to the benefiting states as derivation revenue.
It disclosed that from the N485.838 billion distributable Value Added Tax (VAT) revenue, the Federal Government got N72.876 billion, the State Governments received N242.919 billion and the Local Government Councils shared N170.043 billion.
The communiqué further showed that out of the N39.646 billion Electronic Money Transfer Levy (EMTL), raked in during the month, the Federal Government received N5.947 billion compared to the state nd local governments’ N19.823 billion and N13.876 billion respectively.
In the month under review, Excise Duty increased moderately while Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT), CIT on Upstream Activities, Companies Income Tax (CIT), CGT and SDT, Oil & Gas Royalties, Import Duty, CET Levies, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL) and Fees recorded substantial decreases.
