By Peter Omopo
The Federation Account Allocation Committee (FAAC) has shared a total of ₦1.969 trillion among the Federal Government, state governments and local government councils as Federation Account revenue for December 2025.
This was disclosed in a communiqué issued by the Director of Press and Public Relations at the Office of the Accountant-General of the Federation, Bawa Mokwa, following the FAAC meeting held in Abuja in January 2026.
According to the communiqué, the total distributable revenue comprised ₦1.084 trillion from statutory revenue, ₦846.507 billion from Value Added Tax (VAT) and ₦38.110 billion generated from the Electronic Money Transfer Levy (EMTL).
FAAC stated that a gross revenue of ₦2.585 trillion was available for the month under review. From this amount, ₦104.697 billion was deducted as the cost of collection, while ₦511.585 billion was set aside for transfers, refunds and savings.
The committee noted that gross statutory revenue for December stood at ₦1.631 trillion, representing a decline of ₦105.202 billion compared to the ₦1.736 trillion recorded in November 2025. In contrast, gross VAT revenue increased significantly to ₦913.957 billion, up from ₦563.042 billion in the previous month, reflecting a rise of ₦350.915 billion.
From the total distributable sum of ₦1.969 trillion, the Federal Government received ₦653.500 billion, state governments ₦706.469 billion, while local government councils got ₦513.272 billion. In addition, ₦96.083 billion, representing 13 per cent derivation revenue from mineral resources, was shared among oil-producing states.
A breakdown of the statutory revenue allocation shows that the Federal Government received ₦520.807 billion, states ₦264.160 billion and local governments ₦203.656 billion, with ₦96.083 billion disbursed to eligible states as derivation revenue.
From the ₦846.507 billion VAT pool, the Federal Government received ₦126.976 billion, states ₦423.254 billion and local government councils ₦296.277 billion. Similarly, from the ₦38.110 billion EMTL revenue, ₦5.717 billion went to the Federal Government, ₦19.055 billion to states and ₦13.338 billion to local governments.
FAAC further disclosed that Companies Income Tax, Capital Gains Tax, Stamp Duties, import duty and VAT recorded significant increases in December 2025, while oil and gas royalties as well as CET levies and fees rose marginally.
However, the committee noted declines in Excise Duty, Petroleum Profit Tax, Hydrocarbon Tax and Electronic Money Transfer Levy during the period.
