The Federation Account Allocation Committee (FAAC) has announced that the federal, state, and local government councils in Nigeria shared a total of N1.928 trillion as Federation Account revenue for November 2025. This allocation was made at the December 2025 FAAC meeting held in Abuja.
According to a communiqué issued by the Office of the Accountant-General of the Federation (OAGF), the total 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). The gross revenue available in November 2025 was N2.343 trillion, from which N84.251 billion was deducted as the cost of collection, and N330.625 billion was set aside for transfers, interventions, refunds, and savings.
The communiqué further revealed that the gross statutory revenue for the month stood at N1.736 trillion, representing a decline of N427.969 billion compared to the N2.164 trillion recorded in October 2025. Similarly, gross VAT revenue fell to N563.042 billion in November, down by N156.785 billion from the N719.827 billion recorded in October.
The federal government received N747.159 billion from the total distributable sum, while state governments received N601.731 billion, and local government councils received N445.266 billion. Additionally, oil-producing states shared N134.355 billion as 13 percent of derivation revenue. A breakdown of the statutory revenue showed that the federal government received N668.336 billion, states got N338.989 billion, and local governments received N261.346 billion.
The VAT revenue of N485.838 billion was shared among the federal government, which received N72.876 billion, states received N242.919 billion, and local governments got N170.043 billion. The EMTL revenue of N39.646 billion was also shared, with the federal government receiving N5.947 billion, state governments N19.823 billion, and local governments N13.876 billion.
The decline in revenue is attributed to significant drops in revenues from Petroleum Profit Tax, Hydrocarbon Tax, Companies Income Tax, Capital Gains Tax, Stamp Duties, oil and gas royalties, import duty, and CET levies. However, excise duty recorded a moderate increase in November. The FAAC revenue allocation is a crucial aspect of Nigeria’s fiscal federalism, as it determines the amount of funds available to the federal, state, and local governments for public expenditure. The allocation is expected to have a significant impact on the country’s economic development and public service delivery.