- FAAC: FG, States, LGs Share ₦1.928trn November Revenue
- VAT, Statutory Revenue Decline
- The Federal Government received ₦747.159 billion
The Federal Government, states and local government councils shared a total of ₦1.928 trillion as Federation Account revenue for November 2025, following the December 2025 meeting of the Federation Account Allocation Committee (FAAC) held in Abuja.
Eko Hot Blog reports that in a communiqué issued after the meeting by the Office of the Accountant-General of the Federation (OAGF) spokesperson, Mr Bawa Mokwa, said the distributable revenue comprised ₦1.403 trillion from statutory revenue, ₦485.838 billion from Value Added Tax (VAT), and ₦39.646 billion from the Electronic Money Transfer Levy (EMTL).
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According to the committee, gross revenue available in November 2025 stood at ₦2.343 trillion. From this amount, ₦84.251 billion was deducted as cost of collection, while ₦330.625 billion was set aside for transfers, interventions, refunds and savings.
FAAC disclosed that gross statutory revenue for the month declined significantly to ₦1.736 trillion, representing a drop of ₦427.969 billion compared to the ₦2.164 trillion recorded in October 2025.
Similarly, gross VAT revenue fell to ₦563.042 billion in November, down by ₦156.785 billion from the ₦719.827 billion recorded in the previous month.
From the total distributable revenue of ₦1.928 trillion, the Federal Government received ₦747.159 billion, state governments got ₦601.731 billion, while local government councils received ₦445.266 billion. Oil-producing states also shared ₦134.355 billion as 13 percent derivation revenue.
A further breakdown showed that from the ₦1.403 trillion statutory revenue, the Federal Government received ₦668.336 billion, states got ₦338.989 billion, and local governments received ₦261.346 billion, while ₦134.355 billion was paid as derivation revenue.
From the ₦485.838 billion VAT pool, the Federal Government received ₦72.876 billion, states received ₦242.919 billion, and local governments shared ₦170.043 billion.
The ₦39.646 billion EMTL revenue was distributed with the Federal Government receiving ₦5.947 billion, state governments ₦19.823 billion, and local governments ₦13.876 billion.
FAAC noted that while excise duty recorded a moderate increase in November, revenues from Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT), Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duties, oil and gas royalties, import duty, CET levies, VAT, EMTL and other fees declined significantly during the period.
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