The Federal Government, state governments and local government councils shared a total of N1.928 trillion as Federation Account revenue for November 2025.
The allocation was approved at the December 2025 meeting of the Federation Account Allocation Committee (FAAC) held in Abuja.
A communiqué issued on Monday by the Office of the Accountant-General of the Federation (OAGF), through its spokesperson, Bawa Mokwa, stated that the distributable revenue comprised N1.403 trillion from statutory sources, N485.838 billion from Value Added Tax (VAT) and N39.646 billion from the Electronic Money Transfer Levy (EMTL).
According to FAAC, gross revenue of N2.343 trillion accrued in November 2025. From this amount, N84.251 billion was deducted as cost of collection, while N330.625 billion was set aside for transfers, interventions, refunds and savings.
The communiqué noted that gross statutory revenue stood at N1.736 trillion in November, representing a drop of N427.969 billion compared with the N2.164 trillion recorded in October 2025.
Gross VAT revenue also declined to N563.042 billion in November, down by N156.785 billion from the N719.827 billion posted in the preceding month.
From the total distributable sum of N1.928 trillion, the Federal Government received N747.159 billion, states got N601.731 billion, while local government councils received N445.266 billion. Oil-producing states also shared N134.355 billion as 13 per cent derivation revenue.
A further breakdown of the N1.403 trillion statutory revenue showed that the Federal Government received N668.336 billion, states N338.989 billion, and local governments N261.346 billion, with N134.355 billion allocated for derivation.
From the N485.838 billion VAT pool, the Federal Government got N72.876 billion, states received N242.919 billion, while local governments shared N170.043 billion.
The EMTL revenue of N39.646 billion was distributed with the Federal Government receiving N5.947 billion, states N19.823 billion, and local governments N13.876 billion.
FAAC observed that while excise duty recorded a moderate increase in November, revenues from Petroleum Profit Tax, Hydrocarbon Tax, Companies Income Tax, Capital Gains Tax, Stamp Duties, oil and gas royalties, import duty, CET levies, VAT, EMTL and other fees declined significantly during the period.
