FG, States, LGs Receive ₦1.928trn From FAAC Allocation

The Federal Government, states and local government councils have shared a total of ₦1.928 trillion as Federation Account revenue for November 2025.

The Federation Account Allocation Committee (FAAC) disclosed this in a statement after its December 2025 meeting held in Abuja.

The ₦1.928 trillion shared comprised ₦1.403 trillion in distributable statutory revenue, ₦485.838 billion from Value Added Tax (VAT), and ₦39.646 billion from the Electronic Money Transfer Levy (EMTL).

A FAAC communiqué revealed that total gross revenue available for November 2025 stood at ₦2.343 trillion.

From this amount, ₦84.251 billion was deducted as the cost of collection, while ₦330.625 billion went to transfers, interventions, refunds and savings.

The communiqué stated that gross statutory revenue for November 2025 amounted to ₦1.736 trillion. This figure represented a decline of ₦427.969 billion compared with the ₦2.164 trillion recorded in October 2025.

VAT generated a gross revenue of ₦563.042 billion in November 2025. This was ₦156.785 billion lower than the ₦719.827 billion recorded in October 2025.

According to the communiqué, of the total ₦1.928 trillion distributable revenue, the Federal Government received ₦747.159 billion. State governments received a total allocation of ₦601.731 billion, Local government councils were allocated ₦445.266 billion.

In addition, ₦134.355 billion, representing 13 per cent of mineral revenue, was shared among beneficiary states as derivation revenue.

From the ₦1.403 trillion distributable statutory revenue, the Federal Government received ₦668.336 billion.

States received ₦338.989 billion from the statutory revenue allocation.

Local government councils got ₦261.346 billion, while ₦134.355 billion was distributed to beneficiary states as derivation revenue.

Out of the ₦485.838 billion distributable VAT revenue, the Federal Government received ₦72.876 billion.

State governments received ₦242.919 billion from VAT proceeds. Local government councils were allocated ₦170.043 billion from VAT revenue.

From the ₦39.646 billion EMTL revenue, the Federal Government received ₦5.947 billion. State governments received ₦19.823 billion, while local government councils got ₦13.876 billion.

The communiqué further noted that excise duty recorded a moderate increase in November 2025.

However, Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT), CIT on upstream activities, Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duties Tax (SDT), oil and gas royalties, import duty, CET levies, VAT, EMTL and fees experienced significant declines.