By Kadiri Abdulrahman
Abuja, Dec. 15, 2025 (Naija247news) – The Federal Government, state governments, and Local Government Councils (LGs) have shared a total of ₦1.928 trillion from the Federation Account Revenue for November, the December meeting of the Federation Account Allocation Committee (FAAC) in Abuja has revealed. The allocation, disclosed in a communiqué by the Office of the Accountant-General of the Federation (OAGF), reflected statutory revenue, Value Added Tax (VAT) proceeds, and earnings from the Electronic Money Transfer Levy (EMTL).
According to the report, the total distributable revenue comprised ₦1.403 trillion from statutory sources, ₦485.838 billion from VAT collections, and ₦39.646 billion from the EMTL, while the total gross revenue for November stood at ₦2.343 trillion. Out of this, ₦84.251 billion was deducted as the cost of revenue collection, and ₦330.625 billionwas earmarked for various transfers, interventions, refunds, and savings.
The communiqué noted a decline in revenue compared with October. Gross statutory revenue for November totaled ₦1.736 trillion, down by ₦427.969 billion from the ₦2.164 trillion recorded in October, while VAT proceeds dropped to ₦563.042 billion, compared to ₦719.827 billion in the previous month.
In terms of allocation, the Federal Government received a total of ₦747.159 billion, state governments were allocated ₦601.731 billion, and LGs received ₦445.266 billion, with ₦134.355 billion earmarked as derivation revenue for benefiting states. Specifically, from the ₦1.403 trillion statutory revenue, the Federal Government was allocated ₦668.336 billion, states received ₦338.989 billion, and LGs were credited with ₦261.346 billion, while derivation revenue of ₦134.355 billion was remitted to mineral-producing states. From the ₦485.838 billion distributable VAT revenue, the Federal Government took ₦72.876 billion, states received ₦242.919 billion, and LGs were allocated ₦170.043 billion. Meanwhile, the ₦39.646 billion collected from the EMTL saw ₦5.947 billion going to the Federal Government, ₦19.823 billion to states, and ₦13.876 billion to LGs.
The FAAC communiqué highlighted that while Excise Duty recorded a moderate increase, revenues from Petroleum Profit Tax, Hydrocarbon Tax, Companies Income Tax on upstream activities, Capital Gains Tax, Stamp Duties, Oil and Gas Royalties, Import Duty, Common External Tariff Levies, VAT, and EMTL all experienced substantial declines in November. The report underscores the persistent challenges of revenue generation in Nigeria, particularly the volatility of oil-related earnings, and emphasizes the need for careful fiscal planning to sustain government operations and payments to subnational entities.
Babatunde Akinsola ✔
Godwin Okafor is the Publisher & CEO of Naija247news Media Group LLC, an independent investigative news platform delivering accurate, data-driven reporting on Nigerian and global politics, economy, finance, and business. Founded in October 2010, Naija247news specializes in developmental journalism, providing timely insights and analysis to readers across Nigeria and the diaspora.
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