The Federation Account Allocation Committee (FAAC) has distributed a total of ₦1.928 trillion as Federation Account revenue for November 2025 among the Federal Government, state governments and local government councils.
This was disclosed in a statement following the FAAC meeting held in Abuja in December 2025. The amount shared comprised ₦1.403 trillion in statutory revenue, ₦485.838 billion from Value Added Tax (VAT), and ₦39.646 billion generated from the Electronic Money Transfer Levy (EMTL).
FAAC’s communiqué revealed that total gross revenue available for November 2025 stood at ₦2.343 trillion. From this amount, ₦84.251 billion was deducted as cost of collection, while ₦330.625 billion went into transfers, interventions, refunds and savings.
According to the committee, gross statutory revenue for November 2025 was ₦1.736 trillion, representing a decline of ₦427.969 billion compared to the ₦2.164 trillion recorded in October 2025. Similarly, VAT revenue dropped to ₦563.042 billion in November, down from ₦719.827 billion in October, reflecting a decrease of ₦156.785 billion.
From the total distributable revenue of ₦1.928 trillion, the Federal Government received ₦747.159 billion, state governments got ₦601.731 billion, while local government councils received ₦445.266 billion. An additional ₦134.355 billion, representing 13 per cent of mineral revenue, was shared among oil-producing states as derivation revenue.
Out of the ₦1.403 trillion statutory revenue, the Federal Government received ₦668.336 billion, states received ₦338.989 billion, and local governments got ₦261.346 billion, with ₦134.355 billion allocated for derivation.
From the ₦485.838 billion VAT pool, the Federal Government received ₦72.876 billion, states got ₦242.919 billion, and local governments received ₦170.043 billion. The EMTL revenue of ₦39.646 billion was shared with the Federal Government receiving ₦5.947 billion, states ₦19.823 billion, and local governments ₦13.876 billion.
The communiqué further noted that while excise duty recorded a moderate increase in November 2025, revenues from Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT), Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duties, oil and gas royalties, import duty, CET levies, VAT, EMTL and fees experienced significant declines.
