A total of ₦1.928 trillion, representing the Federation Account revenue for November 2025, has been distributed among the Federal Government, state governments and local government councils.
The allocation was carried out during the December 2025 meeting of the Federation Account Allocation Committee held in Abuja, according to an official statement released after the meeting.
The total amount shared consisted of ₦1.403 trillion in statutory revenue, ₦485.838 billion generated from Value Added Tax, and ₦39.646 billion derived from the Electronic Money Transfer Levy.
The FAAC communiqué disclosed that gross revenue available for distribution in November 2025 stood at ₦2.343 trillion. From this figure, ₦84.251 billion was deducted as cost of collection, while ₦330.625 billion went into transfers, interventions, refunds and savings.
It further stated that statutory revenue recorded for the month amounted to ₦1.736 trillion, reflecting a decline of ₦427.969 billion when compared to the ₦2.164 trillion generated in October 2025.
Value Added Tax collections also dropped, with ₦563.042 billion recorded in November 2025, representing a decrease of ₦156.785 billion from the ₦719.827 billion realised in the previous month.
From the total distributable revenue of ₦1.928 trillion, the Federal Government received ₦747.159 billion, while the states collectively got ₦601.731 billion. Local government councils were allocated ₦445.266 billion, and ₦134.355 billion was paid to oil-producing states as 13 per cent derivation revenue.
Breaking down the statutory revenue component of ₦1.403 trillion, the Federal Government received ₦668.336 billion, state governments got ₦338.989 billion, and local councils received ₦261.346 billion, in addition to the ₦134.355 billion derivation allocation to benefiting states.
From the ₦485.838 billion shared as VAT revenue, ₦72.876 billion went to the Federal Government, ₦242.919 billion to state governments, and ₦170.043 billion to local government councils.
The distribution of the ₦39.646 billion generated from the Electronic Money Transfer Levy saw the Federal Government receive ₦5.947 billion, states receive ₦19.823 billion, and local councils receive ₦13.876 billion.
The FAAC also noted changes in revenue performance for the month, indicating that excise duty showed a modest increase, while several key revenue streams, including Petroleum Profit Tax, Hydrocarbon Tax, Companies Income Tax, Capital Gains Tax, oil and gas royalties, import duty, VAT and EMTL, experienced significant declines.
What you should know
The November 2025 FAAC allocation highlights a notable drop in federally collected revenues compared to October, particularly in statutory revenue and VAT.
Despite the decline, ₦1.928 trillion was still distributed across the three tiers of government, with the Federal Government taking the largest share. The fall in major revenue sources such as oil-related taxes and VAT reflects ongoing fiscal pressure and underscores the importance of improving revenue diversification and efficiency.
The derivation payment of ₦134.355 billion remains a key support for oil-producing states amid shrinking overall inflows.
