The federal government, states, and local government councils have shared a total of ₦1.969 trillion as revenue from the December 2025 Federation Account.
The sharing was done at the January 2026 meeting of the Federation Account Allocation Committee (FAAC) in Abuja, according to a statement on Monday by the Director of Press and Public Relations in the Office of the Accountant-General of the Federation (OAGF), Bawa Mokwa.
It indicated that the December revenue included ₦1.084 trillion from statutory revenue, ₦846.507 billion from Value Added Tax (VAT), and ₦38.110 billion from the Electronic Money Transfer Levy (EMTL), while total gross revenue was ₦2.585 trillion.
“Total deduction for cost of collection was ₦104.697 billion, while total transfers, refunds, and savings were ₦511.585 billion.
“The local government council received ₦513.272 billion, while the sum of ₦96.083 billion (13 per cent of mineral revenue) was shared with the benefiting state as derivation revenue,” the statement read.
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From the ₦1.084 trillion distributable statutory revenue, the federal government received ₦520.807 billion, while state governments got ₦264.160 billion. The LGCs received ₦203.656 billion, and ₦96.083 billion was shared among the benefiting states as derivation revenue.
Out of the total ₦1.969 trillion shared in December, the federal government received ₦653.500 billion, while state governments got ₦706.469 billion.
FAAC also stated that from the ₦846.507 billion VAT revenue, the federal government received ₦126.976 billion, state governments received ₦423.254 billion, and LGCs received ₦296.277 billion.
On the Electronic Money Transfer Levy, it said the federal government received ₦5.717 billion, state governments got ₦19.055 billion, and LGCs received ₦13.338 billion.
It added that Companies’ Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duties (STD), Import Duty, and VAT increased significantly in December. He noted that Oil and Gas Royalty, as well as CET levies and fees, recorded marginal increases.
However, Excise Duty, Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT), and the Electronic Money Transfer Levy recorded notable declines during the period.
Alex is a business journalist cum data enthusiast with the Pinnacle Daily. He can be reached via ealex@thepinnacleng.com, @ehime_alex on X
