The Federation Account Allocation Committee (FAAC) has shared a total of ₦1.928 trillion among the three tiers of government as federation allocation for November 2025, from a gross revenue of ₦2.343 trillion.
The allocation was approved at FAAC’s December 2025 meeting, chaired by the Minister of State for Finance, Dr. Doris Uzoka-Anite.
Breakdown of Allocation
- Federal Government: ₦747.159 billion
- States: ₦601.731 billion
- Local Government Councils: ₦445.266 billion
- Oil-Producing States (13% Derivation): ₦134.355 billion
Additionally:
- Cost of collection: ₦84.251 billion
- Transfers, interventions, and refunds: ₦330.625 billion
Revenue Components
Value Added Tax (VAT)
- Gross VAT revenue: ₦563.042 billion
(down from ₦719.827 billion in the previous month, a decline of ₦156.785 billion) - Cost of collection: ₦22.522 billion
- Transfers and interventions: ₦54.682 billion
- Net VAT distributed (₦485.838 billion):
- Federal Government: ₦72.876 billion
- States: ₦242.919 billion
- Local Governments: ₦170.043 billion
Statutory Revenue
- Gross statutory revenue: ₦1.736 trillion
(₦427.969 billion lower than the ₦2.164 trillion recorded in the previous month) - Cost of collection: ₦59.993 billion
- Transfers and interventions: ₦273.925 billion
- Net statutory revenue distributed (₦1.403 trillion):
- Federal Government: ₦668.336 billion
- States: ₦338.989 billion
- Local Governments: ₦261.346 billion
- Derivation (13%): ₦134.355 billion
Electronic Money Transfer Levy (EMTL)
- Gross EMTL revenue: ₦43.400 billion
- Distributed as follows:
- Federal Government: ₦5.947 billion
- States: ₦19.823 billion
- Local Governments: ₦13.876 billion
- Cost of collection: ₦1.736 billion
- Transfers, refunds, and savings: ₦2.018 billion
Revenue Performance
FAAC noted that Excise Duty recorded a moderate increase, while Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT), Company Income Tax (CIT), Oil and Gas Royalties, Import Duty, CET Levies, VAT, EMTL, and related fees all experienced significant declines during the period.
Summary
According to the FAAC communiqué, the ₦1.928 trillion distributable revenue for November 2025 was derived from:
- Statutory Revenue: ₦1.403 trillion
- Value Added Tax: ₦485.838 billion
- Electronic Money Transfer Levy: ₦39.646 billion
This allocation reflects continued pressure on federally collectible revenues despite modest gains in some tax lines.
