By Peter Omopo
The Federation Account Allocation Committee (FAAC) has distributed a total of ₦1.92 trillion as revenue for November to the Federal Government, state governments and local government councils.
The allocation was approved at FAAC’s December 2025 meeting held in Abuja and chaired by the Minister of State for Finance, Doris Uzoka-Anite, according to a report by the Nigerian Television Authority (NTA).
A communiqué issued after the meeting showed that the distributable revenue comprised ₦1.40 trillion from statutory revenue, ₦485.83 billion from value-added tax (VAT), and ₦39.64 billion from the Electronic Money Transfer Levy (EMTL).
FAAC disclosed that total gross revenue available for the month stood at ₦2.34 trillion. From this amount, ₦84.25 billion was deducted as the cost of collection, while ₦330.62 billion was set aside for transfers, interventions, refunds and savings.
The committee noted a decline in statutory revenue, with gross statutory receipts for November amounting to ₦1.736 trillion, representing a drop of ₦427.97 billion from the ₦2.164 trillion recorded in October 2025.
VAT collections also declined during the period. Gross VAT revenue for November stood at ₦563.04 billion, down by ₦156.78 billion from the ₦719.82 billion generated in October. From the VAT proceeds, ₦22.52 billion was deducted for collection costs, while ₦54.68 billion was allocated for transfers, interventions and refunds.
Of the ₦1.92 trillion shared, the Federal Government received ₦747.15 billion, state governments were allocated ₦601.73 billion, while local government councils received ₦445.26 billion. In addition, ₦134.35 billion, representing 13 per cent of mineral revenue, was distributed to eligible states as derivation revenue.
A breakdown of the statutory revenue showed that from the ₦1.40 trillion shared, the Federal Government received ₦668.33 billion, state governments got ₦338.98 billion, and local government councils received ₦261.35 billion, while ₦134.36 billion was paid to beneficiary states as derivation revenue.
From the ₦485.84 billion distributable VAT revenue, the Federal Government received ₦72.88 billion, state governments got ₦242.92 billion, and local government councils received ₦170.04 billion.
From the EMTL proceeds of ₦39.64 billion, the Federal Government received ₦5.95 billion, state governments got ₦19.82 billion, while local government councils received ₦13.88 billion. In addition, ₦1.74 billion was deducted as cost of collection, while ₦2.02 billion was allocated for transfers, refunds and savings.
FAAC noted that excise duty recorded a modest increase in November, while petroleum profit tax, hydrocarbon tax, company income tax, capital gains tax, stamp duties, oil and gas royalties, import duty, CET levies, VAT and the electronic money transfer levy all posted significant declines during the period.
