(C) Google/ChannelTV.
The Federation Account Allocation Committee (FAAC) has shared a total of ₦1.928 trillion as revenue for November 2025 among the Federal Government, state governments and local government councils.
Our Correspondent reports that the allocation was made at the FAAC meeting held in Abuja in December, 2025.
In a communiqué issued in on Monday after the meeting, FAAC said the total distributable revenue comprised ₦1.403 trillion in statutory revenue, ₦485.838 billion from Value Added Tax (VAT) and ₦39.646 billion from the Electronic Money Transfer Levy (EMTL).
According to the committee, total gross revenue available in November 2025 stood at ₦2.343 trillion, adding that from this amount, ₦84.251 billion was deducted as cost of collection, while ₦330.625 billion went into transfers, interventions, refunds and savings.
The communiqué disclosed that gross statutory revenue for the month was ₦1.736 trillion, representing a decline of ₦427.969 billion compared to the ₦2.164 trillion recorded in October 2025.
Gross VAT revenue in November 2025 amounted to ₦563.042 billion, down by ₦156.785 billion from the ₦719.827 billion generated in October.
From the total distributable revenue of ₦1.928 trillion, the Federal Government received ₦747.159 billion, state governments got ₦601.731 billion, while local government councils received ₦445.266 billion.
A total of ₦134.355 billion, representing 13 per cent of mineral revenue, was shared among benefiting states as derivation revenue.
Breaking down the ₦1.403 trillion statutory revenue, the Federal Government received ₦668.336 billion, states got ₦338.989 billion and local government councils received ₦261.346 billion, while ₦134.355 billion was paid to benefiting states as derivation revenue.
From the ₦485.838 billion VAT pool, the Federal Government received ₦72.876 billion, state governments got ₦242.919 billion and local government councils received ₦170.043 billion.
Similarly, of the ₦39.646 billion EMTL revenue, the Federal Government received ₦5.947 billion, state governments got ₦19.823 billion and local government councils received ₦13.876 billion.
FAAC noted that while excise duty recorded a moderate increase in November 2025, revenues from Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT), Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duties (SDT), oil and gas royalties, import duty, CET levies, VAT, EMTL and fees declined significantly during the period.
Edited by Dada Ahmed.
