The Federal Government, state governments, and local government councils have shared a total of ₦1.969 trillion as Federation Account Revenue for December 2025.
The allocation was approved at the January 2026 meeting of the Federation Account Allocation Committee (FAAC) held in Abuja, according to a statement on Monday by Bawa Mokwa, Director of Press and Public Relations in the Office of the Accountant-General of the Federation.
The shared revenue comprised ₦1.084 trillion in statutory revenue, ₦846.507 billion from Value Added Tax (VAT), and ₦38.110 billion from the Electronic Money Transfer Levy (EMTL). Gross revenue available for the month stood at ₦2.585 trillion, from which ₦104.697 billion was deducted as cost of collection, while ₦511.585 billion went into transfers, refunds, and savings.
From the statutory revenue, the Federal Government received ₦520.807 billion, states got ₦264.160 billion, and local government councils received ₦203.656 billion. An additional ₦96.083 billion, representing 13 per cent derivation revenue, was shared among mineral-producing states.
Overall, from the total distributable amount, the Federal Government received ₦653.500 billion, state governments ₦706.469 billion, and local government councils ₦513.272 billion.
From VAT proceeds, the Federal Government got ₦126.976 billion, states received ₦423.254 billion, and local governments ₦296.277 billion. EMTL revenue saw ₦5.717 billion allocated to the Federal Government, ₦19.055 billion to states, and ₦13.338 billion to local councils.
FAAC noted significant increases in Companies Income Tax (CIT), Capital Gains Tax (CGT), Import Duty, and VAT in December, while Excise Duty, Petroleum Profit Tax (PPT)/Hydrocarbon Tax, and EMTL recorded notable declines.
