Agencies remitted a total of ₦2.34 trillion into Nigeria’s federation account in November 2025, according to data released by the Office of the Accountant-General of the Federation (OAGF).
Gatekeepers News reports that a Federation Account Allocation Committee (FAAC) document prepared for the committee’s December meeting showed that revenue declined by ₦591.22 billion from the ₦2.93 trillion recorded in October.
The report attributed the drop to weaker performance across five major revenue streams.
Revenue from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) fell to ₦660.04 billion in November, down from ₦873.1 billion in the previous month.
Similarly, non-oil revenue remitted by the Federal Inland Revenue Service (FIRS) declined to ₦337.22 billion from ₦591.15 billion, while collections from the Nigeria Customs Service (NCS) dropped to ₦287.17 billion from ₦370.28 billion.
Value Added Tax (VAT) receipts also decreased to ₦563.04 billion in November from ₦719.82 billion in October, while proceeds from the Electronic Money Transfer Levy (EMTL) fell to ₦43.4 billion from ₦49.86 billion.
In contrast, revenue transferred by the Nigerian National Petroleum Company Limited (NNPC) increased to ₦44.92 billion in November, from ₦14.72 billion in October. Oil revenue collected by the FIRS also rose to ₦407.57 billion, compared with ₦315.64 billion in the preceding month.
During the period under review, ₦49.76 billion was transferred to the Midstream and Downstream Gas Infrastructure Fund (MDGIF) as gas flare penalties.
As a result, net revenue available to the federation declined to ₦2.29 trillion in November, from ₦2.87 trillion in October, representing a month-on-month decrease of ₦581.56 billion.
Lower Deductions in November
Despite the weaker revenue performance, total deductions from the federation account reduced significantly in November, falling to ₦365.1 billion from ₦780.45 billion in October.
The decline was driven largely by reduced savings, which dropped to ₦200 billion in November from ₦300 billion in the previous month.
The cost of revenue collection by key agencies — including the FIRS, NCS and NUPRC — also declined to ₦84.25 billion in November, compared with ₦115.27 billion in October, reflecting a reduction of ₦31.02 billion.
Transfers to the North-East Development Commission (NEDC) also fell to ₦16.21 billion from ₦20.73 billion.
Meanwhile, the 13 per cent derivation refund on subsidy, priority projects and the police trust fund (1999 to 2021, 46 of 60 instalments) remained unchanged at ₦18.16 billion.
Deductions for 13 per cent derivation relating to NNPC management fees and the frontier exploration fund for August 2025 dropped sharply to ₦2.87 billion in November from ₦21.47 billion in October.
However, the 0.5 per cent share of the federation’s non-oil revenue allocated to the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) increased to ₦6.15 billion from ₦4.8 billion. In addition, ₦37.45 billion was deducted as arrears for RMAFC’s 0.5 per cent share of non-oil revenue covering January to November 2025.
Consequently, the amount available for distribution among the three tiers of government declined to ₦1.92 trillion in November 2025, compared with ₦2.09 trillion in October.
