From Victor Osula, Abuja
The Federation Accounts Allocation Committee (FAAC) has disbursed a total of N1.928 trillion to the Federal Government, State Governments, and Local Government Councils from the November 2025 Federation Account revenue.
The spokesperson of the Office of the Accountant General of the Federation, Bawa Mokwa, confirmed that the allocation was approved at the December 2025 FAAC meeting in Abuja.
According to him, the total distributable revenue comprised N1.403 trillion statutory revenue, N485.838 billion from Value Added Tax (VAT), and N39.646 billion from the Electronic Money Transfer Levy (EMTL).
FAAC reported that the gross revenue for November 2025 stood at N2.343 trillion, with deductions for collection costs amounting to N84.251 billion, and transfers, interventions, refunds, and savings totaling N330.625 billion.
Gross statutory revenue for the month was N1.736 trillion, representing a decline of N427.969 billion from October’s N2.164 trillion. Similarly, VAT revenue declined to N563.042 billion from October’s N719.827 billion, a shortfall of N156.785 billion.
Of the N1.928 trillion distributable revenue, the Federal Government received N747.159 billion, while State Governments were allocated N601.731 billion, and Local Government Councils received N445.266 billion. Derivation revenue, representing 13% of mineral revenue, amounted to N134.355 billion and was shared among benefiting states.
Breaking down the statutory revenue of N1.403 trillion, the Federal Government got N668.336 billion, States N338.989 billion, Local Governments N261.346 billion, and derivation revenue stood at N134.355 billion.
From the N485.838 billion VAT revenue, the Federal Government received N72.876 billion, States N242.919 billion, and Local Governments N170.043 billion. The N39.646 billion EMTL generated N5.947 billion for the Federal Government, N19.823 billion for States, and N13.876 billion for Local Governments.
FAAC noted that in November 2025, Excise Duty showed a moderate increase, while Petroleum Profit Tax, Hydrocarbon Tax, Companies Income Tax on upstream activities, Companies Income Tax, Capital Gains Tax, Stamp Duties, Oil & Gas Royalties, Import Duty, CET Levies, VAT, EMTL, and fees all recorded substantial declines.
