Federation Account Allocation Committee (FAAC) has distributed a total of N1.92 trillion as revenue for November among federal government, state governments, and local government councils.
Gatekeepers News reports that the allocation was approved at FAAC’s December 2025 meeting held in Abuja and chaired by Minister of State for Finance, Doris Uzoka-Anite.
A communiqué released after the meeting showed that the distributable sum was made up of N1.40 trillion from statutory revenue, N485.83 billion generated from value-added tax, and N39.64 billion realised from the electronic money transfer levy.
FAAC disclosed that gross revenue available for the month stood at N2.34 trillion, from which N84.25 billion was deducted as cost of collection. The committee added that transfers, interventions, refunds, and savings accounted for N330.62 billion.
The communiqué noted that gross statutory revenue for November amounted to N1.736 trillion, reflecting a sharp decline of N427.97 billion compared with the N2.164 trillion recorded in October.
VAT receipts also dropped significantly. FAAC said gross VAT revenue for November stood at N563.04 billion, down by N156.78 billion from the N719.82 billion generated in the previous month.
From the VAT proceeds, N22.52 billion was deducted for collection costs, while N54.68 billion went into transfers, interventions and refunds.
From the total N1.92 trillion shared, the federal government received N747.15 billion, state governments got N601.73 billion, while local government councils were allocated N445.26 billion.
An additional N134.35 billion, representing 13 percent derivation revenue from mineral resources, was paid to eligible states.
A breakdown of the statutory allocation showed that the federal government received N668.33 billion, states received N338.98 billion, and local councils got N261.35 billion, alongside the derivation component.
From the VAT pool, the federal government received N72.88 billion, states shared N242.92 billion, and local governments received N170.04 billion.
FAAC also reported that revenue from the electronic money transfer levy was shared among the three tiers of government after deductions for collection costs and statutory transfers.
The committee said while excise duty recorded a modest increase during the month, several major revenue lines including petroleum profit tax, company income tax, oil and gas royalties, import duties, VAT and EMTL — witnessed notable declines.
