The Federation Account Allocation Committee (FAAC) has allocated ₦1.969 trillion to the Federal Government, states, and local government councils as Federation Account revenue for December 2025.
The committee announced this in a communiqué signed by its Director of Press and Public Relations, Bawa Mokwa, following the FAAC meeting held in Abuja in January 2026.
According to the communiqué, the total distributable revenue included ₦1.084 trillion in statutory revenue, ₦846.507 billion from Value Added Tax (VAT), and ₦38.110 billion from the Electronic Money Transfer Levy (EMTL).
FAAC stated that the total gross revenue available in December 2025 amounted to ₦2.585 trillion.
From this total, ₦104.697 billion was deducted as the cost of collection, while ₦511.585 billion was set aside for transfers, refunds, and savings.
The committee revealed that gross statutory revenue for the month was ₦1.631 trillion, marking a decrease of ₦105.202 billion compared to the ₦1.736 trillion recorded in November 2025.
In contrast, gross VAT revenue surged to ₦913.957 billion in December 2025, rising by ₦350.915 billion from the ₦563.042 billion collected the previous month.
From the total distributable revenue of ₦1.969 trillion, the Federal Government received ₦653.500 billion, state governments ₦706.469 billion, and local government councils ₦513.272 billion.
An additional ₦96.083 billion, representing 13 percent of mineral revenue, was allocated to oil-producing states as derivation revenue.
Out of the ₦1.084 trillion distributable statutory revenue, the Federal Government received ₦520.807 billion, states ₦264.160 billion, and local governments ₦203.656 billion, while ₦96.083 billion was assigned to benefiting states as derivation revenue.
From the ₦846.507 billion distributable VAT revenue, the Federal Government received ₦126.976 billion, states ₦423.254 billion, and local government councils ₦296.277 billion.
The committee also reported that from the ₦38.110 billion EMTL revenue, the Federal Government received ₦5.717 billion, state governments ₦19.055 billion, and local government councils ₦13.338 billion.
FAAC noted that Companies Income Tax, Capital Gains Tax, Stamp Duties, import duties, and VAT recorded significant increases in December 2025, while oil and gas royalties, CET levies, and fees rose modestly.
However, Excise Duty, Petroleum Profit Tax, Hydrocarbon Tax, and EMTL recorded notable declines during the period.
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