The Federation Account Allocation Committee (FAAC) has shared a total of N1.969 trillion as December 2025 Federation Account revenue among the Federal Government, state governments, and local government councils.
The distribution was announced in a statement by the Director of Press, Bawa Mokwa, following the January 2026 FAAC meeting held in Abuja.
According to the statement, the amount comprised N1.084 trillion in distributable statutory revenue, N846.507 billion from Value Added Tax (VAT), and N38.110 billion from the Electronic Money Transfer Levy (EMTL).
The December allocation represents an increase from the N1.928 trillion shared in November 2025.
FAAC disclosed that total gross revenue of N2.585 trillion was available for the month. Deductions for the cost of collection stood at N104.697 billion, while transfers, refunds, and savings amounted to N511.585 billion.
Gross statutory revenue for December 2025 was N1.631 trillion, a decline of N105.202 billion from the N1.736 trillion recorded in November. In contrast, VAT revenue rose sharply to N913.957 billion, up from N563.042 billion in the previous month.
From the total distributable revenue of N1.969 trillion, the Federal Government received N653.500 billion, state governments received N706.469 billion, and local government councils got N513.272 billion. An additional N96.083 billion, representing 13 percent of mineral revenue, was shared with benefiting states as derivation revenue.
Out of the N1.084 trillion statutory revenue, the federal government received N520.807 billion, states received N264.160 billion, and local governments received N203.656 billion, while N96.083 billion was paid as derivation revenue.
The N846.507 billion VAT revenue was shared with the Federal Government receiving N126.976 billion, states N423.254 billion, and local governments N296.277 billion.
From the N38.110 billion EMTL revenue, the federal government received N5.717 billion, states N19.055 billion, and local governments N13.338 billion.
FAAC noted that Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duties, Import Duty, and VAT recorded significant increases in December. Oil and gas royalty, CET levies, and fees rose marginally, while excise duty, petroleum profit tax (PPT), hydrocarbon tax (HT), and EMTL declined considerably.
