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FAAC Disburses N1.928trn to FG, States, LGs From November 2025 Revenue
The Federal Government, states and local government councils have shared a total sum of N1.928 trillion as Federation Account Allocation for the month of November 2025, from a gross revenue of N2.343 trillion.
The allocation was made by the Federation Account Allocation Committee (FAAC) at its December 2025 meeting chaired by the Minister of State for Finance, Dr. Doris Uzoka-Anite.
According to the communiqué issued at the end of the meeting, the distributable revenue comprised Gross Statutory Revenue, Value Added Tax (VAT) and Electronic Money Transfer Levy (EMTL).
From the total amount shared, the Federal Government received N747.159 billion, states got N601.731 billion, while local government councils received N445.266 billion. In addition, oil-producing states received N134.355 billion as 13 per cent derivation revenue.
The sum of N84.251 billion was deducted as cost of collection, while N330.625 billion was allocated for transfers, interventions and refunds.
VAT Revenue Declines
The communiqué revealed that gross VAT revenue for November 2025 stood at N563.042 billion, representing a decline of N156.785 billion compared to the N719.827 billion recorded in the previous month.
From the VAT revenue, N22.522 billion was allocated for cost of collection, while N54.682 billion went to transfers, interventions and refunds. The remaining N485.838 billion was distributed among the three tiers of government, with the Federal Government receiving N72.876 billion, states N242.919 billion, and local governments N170.043 billion.
Statutory Revenue Drops Sharply
FAAC also disclosed that gross statutory revenue for November stood at N1.736 trillion, down by N427.969 billion from the N2.164 trillion recorded in the preceding month.
From the statutory revenue, N59.993 billion was deducted as cost of collection, while N273.925 billion was allocated for transfers, interventions and refunds. The balance of N1.403 trillion was shared, with the Federal Government receiving N668.336 billion, states N338.989 billion, local governments N261.346 billion, and N134.355 billion allocated to derivation revenue for oil-producing states.
EMTL Distribution
The sum of N43.400 billion generated from Electronic Money Transfer Levy (EMTL) was also shared. The Federal Government received N5.947 billion, states N19.823 billion, and local government councils N13.876 billion. A total of N1.736 billion was deducted as cost of collection, while N2.018 billion was allocated to transfers, refunds and savings.
Revenue Performance
FAAC noted that Excise Duty recorded a moderate increase, while Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT), Company Income Tax (CIT) on upstream activities, Oil and Gas Royalties, Import Duty, CET Levies, VAT, EMTL and fees recorded significant declines during the month under review.
Overall, FAAC stated that the total distributable revenue for November 2025 was derived from Statutory Revenue of N1.403 trillion, VAT of N485.838 billion, and EMTL of N39.646 billion, bringing the total amount shared to N1.928 trillion.
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