FAAC Shares ₦1.93tn November Revenue As Oil, Tax Receipts Decline
A total of ₦1.93tn, representing Federation Account revenue for November 2025, has been shared among the Federal Government, State Governments, and Local Government Councils, following the December 2025 meeting of the Federation Account Allocation Committee (FAAC) held in Abuja.
According to a communiqué issued after the meeting, the distributable revenue comprised ₦1.403tn from statutory revenue, ₦485.838bn from Value Added Tax (VAT), and ₦39.646bn from the Electronic Money Transfer Levy (EMTL).
FAAC disclosed that gross revenue of ₦2.343tn was available in November 2025. From this amount, ₦84.251bn was deducted as the cost of collection, while ₦330.625bn was set aside for transfers, interventions, refunds, and savings, leaving ₦1.93tn for distribution.
The communiqué showed that gross statutory revenue stood at ₦1.736tn in November 2025, representing a ₦427.969bn decline from the ₦2.164tn recorded in October 2025.
Similarly, gross VAT revenue dropped to ₦563.042bn, down by ₦156.785bn from the ₦719.827bn generated in the preceding month.
From the total ₦1.93tn distributable revenue, the Federal Government received ₦747.159bn, State Governments received ₦601.731bn, while Local Government Councils received ₦445.266bn. In addition, ₦134.355bn, representing 13 per cent derivation revenue, was shared among the oil-producing states.
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A breakdown of the ₦1.403tn statutory revenue showed that the Federal Government received ₦668.336bn, the States received ₦338.989bn, and the Local Government Councils received ₦261.346bn, while ₦134.355bn was allocated as derivation revenue.
From the ₦485.838bn VAT pool, the Federal Government received ₦72.876bn, State Governments received ₦242.919bn, and Local Government Councils received ₦170.043bn.
Out of the ₦39.646bn EMTL revenue, the Federal Government received ₦5.947bn, States got ₦19.823bn, and Local Government Councils received ₦13.876bn.
FAAC noted that revenue performance in November 2025 was mixed. While excise duty recorded a moderate increase, several key revenue heads posted significant declines. These included Petroleum Profit Tax, Hydrocarbon Tax, Companies Income Tax from upstream operations, Capital Gains Tax, Stamp Duties, Oil and Gas Royalties, Import Duty, CET Levies, VAT, EMTL and fees.
The committee said the widespread drop in oil and non-oil tax receipts underscores persistent fiscal pressures on government finances, despite ongoing efforts to strengthen revenue mobilisation and broaden the tax base.
