Federation allocation to the federal government, states and local councils declined to N1.928 trillion in November, according to the Federation Account Allocation Committee (FAAC).
A statement on Monday by the Director of Press and Public Relations in the Office of the Accountant-General of the Federation, Bawa Mokwa, stated that the revenue was shared at the FAAC December meeting, chaired by Minister of State for Finance, Doris Uzoka-Anite.
“A total sum of N1.928tn, being November 2025 Federation Account Revenue, has been shared to the Federal Government, States, and the Local Government Councils,” it stated.
A communique issued at the end of the meeting indicated that the N1.928 trillion distributable revenue comprised N1.40 trillion in statutory revenue, N485.83 billion from value-added tax (VAT), and N39.64 billion from the electronic money transfer levy (EMTL).
READ ALSO: NTA 2025: FIRS Emphasises 4% Single Development Levy Framework
In the month under review, FAAC put the gross revenue available as N2.34 trillion, hinting that deductions for the cost of collection amounted to N84.25 billion, while total transfers, interventions, refunds and savings were N330.62 billion.
“Gross statutory revenue of N1.736 trillion was received for November 2025. This was lower than the sum of N2.164 trillion received in October 2025 by N427.969 billion,” it said.
According to FAAC, gross VAT revenue was N563.04 billion, representing a decrease of N156.78 billion from the N719.82 billion distributed in October.
From the amount, N22.52 billion was allocated for the cost of collection, and N54.68 billion was given for transfers, intervention and refunds.
FAAC said of the N1.928 trillion distributable revenue, the federal government received N747.15 billion, the states N601.73 billion and the local councils N445.26 billion.
READ ALSO: FCMB Pensions Disburses Over N200bn to RSA Holders, As AUM Reaches N1tn
In addition, N134.35 billion, representing 13 per cent of mineral revenue, was paid to the benefiting states as derivation revenue.
How the distributable revenues were shared
From the statutory revenue of N1.40 trillion, the federal government received N668.33 billion, the state governments got N338.98 billion, and the local councils received N261.346 billion.
The sum of N134.355 billion, which is 13 per cent of mineral revenue, was shared among the benefiting states as derivation revenue.
READ ALSO: Iran Introduces New Gasoline Pricing Tier Amid Economic Pressure
From the N485.838 billion distributable VAT revenue, the federal government received N72.876 billion, the state governments got N242.919 billion, and the local councils received N170.043 billion.
Also, from the N39.64 billion EMTL revenue, the federal government got N5.947 billion, the states N19.823 billion, and local councils N13.876 billion.
FAAC added that excise duty increased moderately, while petroleum profit tax (PPT), hydrocarbon tax, company income tax (CIT) on upstream activities, CIT, capital gains tax (CGT), SDT, oil and gas royalties, import duty, CET levies, VAT, EMTL recorded substantial decreases.
Alex is a business journalist cum data enthusiast with the Pinnacle Daily. He can be reached via ealex@thepinnacleng.com, @ehime_alex on X
