Federation Account Allocation Committee (FAAC) has disclosed that a total of N1.969 trillion was shared among the federal government, state governments, and local government councils for December 2025, with value-added tax (VAT) collections rising sharply by N350 billion compared to the previous month.
Gatekeepers News reports that the figures were contained in a communiqué released by Bawa Mokwa, director of press and public relations at the office of the accountant-general of the federation, following the committee’s January meeting.
FAAC reported that the total distributable revenue included N1.084 trillion in statutory revenue, N846.507 billion from VAT, and N38.11 billion from the Electronic Money Transfer Levy (EMTL).
The committee noted that a gross revenue of N2.58 trillion was available for allocation in December, with N104.697 billion deducted for cost of collection and N511.585 billion allocated for transfers, refunds, and savings.
The communiqué revealed that gross statutory revenue fell by N105.202 billion compared to November 2025, dropping from N1.736 trillion to N1.63 trillion. Meanwhile, VAT revenue surged to N913.957 billion, up from N563.042 billion in November, reflecting a N350.915 billion increase.
From the total distributable revenue, the federal government received N653.5 billion, states got N706.4 billion, local governments received N513.2 billion, and N96.08 billion was distributed as 13 percent derivation revenue to oil-producing states.
Specifically, from the statutory revenue of N1.084 trillion, the federal government collected N520.8 billion, states received N264.16 billion, and local governments got N203.656 billion.
From the VAT allocation, the federal government received N126.976 billion, states got N423.254 billion, and local councils received N296.277 billion. The EMTL distribution saw the federal government take N5.71 billion, states N19.05 billion, and local governments N13.33 billion.
FAAC also reported trends in revenue performance: company income tax, import duties, and VAT increased significantly, while oil and gas royalties, CET levies, and fees rose marginally.
Conversely, excise duties, petroleum profit tax, and EMTL recorded notable declines, reflecting mixed performance across revenue streams in December 2025.
