By Ibrahim Muhammad
Revenue accruing to the Federation Account declined in November 2025 as the Federal Government, states and local government councils shared a total of N1.928 trillion.
The allocation was approved at the December 2025 meeting of the Federation Account Allocation Committee (FAAC) held in Abuja, according to a communiqué issued by the Office of the Accountant-General of the Federation and signed by its spokesperson, Bawa Mokwa.
The communiqué stated that the distributable revenue comprised N1.403 trillion from statutory sources, N485.838 billion from Value Added Tax (VAT) and N39.646 billion from the Electronic Money Transfer Levy (EMTL).
FAAC disclosed that gross revenue of N2.343 trillion accrued in November, out of which N84.251 billion was deducted as cost of collection, while N330.625 billion was allocated to transfers, interventions and savings.
From the total amount shared, the Federal Government received N747.159 billion, states received N601.731 billion, and local government councils got N445.266 billion. Oil-producing states also shared N134.355 billion as derivation revenue.
The committee noted significant declines in major revenue components, including VAT, companies’ income tax, oil and gas royalties and import duties, compared with receipts recorded in October 2025.
