The Federation Account Allocation Committee (FAAC) announced that federal, state, and local government councils in Nigeria shared a total of N1.928 trillion in Federation Account revenue for November 2025. The allocation was approved at the December 2025 FAAC meeting in Abuja. According to a communiqué from the Office of the Accountant‑General of the Federation (OAGF), 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).
The gross revenue available in November 2025 was N2.343 trillion. From this amount, 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 also noted that gross statutory revenue for the month stood at N1.736 trillion, a decline of N427.969 billion compared with the N2.164 trillion recorded in October 2025. Likewise, gross VAT revenue fell to N563.042 billion in November, down by N156.785 billion from the N719.827 billion recorded in October.
From the total distributable sum, the federal government received N747.159 billion, state governments received N601.731 billion, and local government councils received N445.266 billion. Oil‑producing states shared N134.355 billion as 13 percent of derivation revenue. A detailed breakdown of the statutory revenue shows the federal government receiving N668.336 billion, states N338.989 billion, and local governments N261.346 billion. The VAT revenue of N485.838 billion was allocated as follows: N72.876 billion to the federal government, N242.919 billion to the states, and N170.043 billion to local governments. The EMTL revenue of N39.646 billion was 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 Petroleum Profit Tax, Hydrocarbon Tax, Companies Income Tax, Capital Gains Tax, Stamp Duties, oil and gas royalties, import duty, and CET levies, although excise duty recorded a moderate increase in November. FAAC’s revenue allocation is a crucial component of Nigeria’s fiscal federalism, determining the funds available to 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.
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