|By Babatunji Wusu
The Federal Government, states, and local government councils have shared a total of N1.928 trillion as Federation Account revenue for November 2025, following a decline in major revenue streams.
The allocation was approved at the December 2025 meeting of the Federation Account Allocation Committee (FAAC), held in Abuja.
A communiqué issued after the meeting by the Office of the Accountant-General of the Federation, through its spokesperson, Bawa Mokwa, disclosed that 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 (EMTL).
FAAC reported that gross revenue of N2.343 trillion accrued in November 2025. From this amount, N84.251 billion was deducted as cost of collection, while N330.625 billion was set aside for transfers, interventions, refunds, and savings.
According to the committee, gross statutory revenue fell to N1.736 trillion in November, down by N427.969 billion from the N2.164 trillion recorded in October 2025. Gross VAT revenue also declined, dropping to N563.042 billion from N719.827 billion in the previous month.
From the N1.928 trillion shared, the Federal Government received N747.159 billion, state governments got N601.731 billion, while local government councils received N445.266 billion. Oil-producing states also received N134.355 billion as 13 per cent derivation revenue.
A further breakdown showed that from the N1.403 trillion statutory revenue, the Federal Government received N668.336 billion, states got N338.989 billion, and local governments received N261.346 billion, in addition to the derivation allocation.
From the VAT pool of N485.838 billion, the Federal Government received N72.876 billion, states shared N242.919 billion, while local governments got N170.043 billion.
The EMTL revenue of N39.646 billion was distributed with the Federal Government receiving N5.947 billion, states N19.823 billion, and local governments N13.876 billion.
FAAC noted that while excise duty recorded a moderate increase during the month, revenues from Petroleum Profit Tax, Hydrocarbon Tax, Companies Income Tax, Capital Gains Tax, Stamp Duties, oil and gas royalties, import duty, CET levies, VAT, EMTL, and fees recorded significant declines.
