The Federal Government, states 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 issued at the end of the meeting showed that the N1.928 trillion distributable revenue comprised N1.403 trillion 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 cost of collection, while N330.625 billion went to transfers, interventions, refunds and savings.
The communiqué disclosed that gross statutory revenue for November stood at N1.736 trillion, representing a drop of N427.969 billion from the N2.164 trillion recorded in October 2025.
Similarly, VAT revenue fell to N563.042 billion in November, down by N156.785 billion from the N719.827 billion generated in October.
From the N1.928 trillion shared, the Federal Government received N747.159 billion, states 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 breakdown of the statutory revenue showed that from the N1.403 trillion shared, the Federal Government took N668.336 billion, states received N338.989 billion, local governments got N261.346 billion, while N134.355 billion went to beneficiary states as derivation.
From the N485.838 billion VAT pool, the Federal Government received N72.876 billion, states got N242.919 billion and local governments received N170.043 billion.
The EMTL component of N39.646 billion was shared with the Federal Government receiving N5.947 billion, states N19.823 billion and local government councils N13.876 billion.
FAAC noted that excise duty recorded a moderate increase in November, while revenues from Petroleum Profit Tax, Hydrocarbon Tax, Companies Income Tax, Oil and Gas royalties, import duty, CET levies, VAT, EMTL and fees witnessed significant declines.
