The Federation Account Allocation Committee (FAAC) has shared ₦1.969 trillion as federation account revenue for December 2025 among the Federal Government, states and Local Government Councils (LGs).
The allocation was made at the January FAAC meeting, according to a communiqué issued by Mr Bawa Mokwa, Director of Press and Public Relations, Office of the Accountant-General of the Federation.
The communiqué said the distributable revenue comprised ₦1.084 trillion statutory revenue, ₦846.507 billion from Value Added Tax (VAT) and ₦38.110 billion from the Electronic Money Transfer Levy (EMTL).
It said total gross revenue of ₦2.585 trillion was available in December 2025, with ₦104.697 billion deducted as cost of collection, while ₦511.585 billion went into transfers, refunds and savings.
According to the communiqué, gross statutory revenue for December stood at ₦1.631 trillion, lower than the ₦1.736 trillion recorded in November 2025 by ₦105.202 billion.
Gross VAT revenue, however, rose to ₦913.957 billion in December, an increase of ₦350.915 billion from the ₦563.042 billion recorded in November.
From the ₦1.969 trillion shared, the Federal Government received ₦653.500 billion, states received ₦706.469 billion, while LGs got ₦513.272 billion. An additional ₦96.083 billion, representing 13 per cent of mineral revenue, was shared among oil-producing states as derivation.
On the ₦1.084 trillion statutory revenue, the Federal Government received ₦520.807 billion, states got ₦264.160 billion and LGs received ₦203.656 billion, while ₦96.083 billion was paid as derivation revenue.
From the ₦846.507 billion VAT revenue, the Federal Government received ₦126.976 billion, states received ₦423.254 billion and LGs got ₦296.277 billion.
The communiqué said EMTL revenue of ₦38.110 billion was shared with the Federal Government receiving ₦5.717 billion, states ₦19.055 billion and LGs ₦13.338 billion.
It added that Companies Income Tax, Import Duty and VAT increased significantly in December 2025, while Oil and Gas Royalty as well as CET Levies and Fees recorded marginal growth. Excise Duty, Petroleum Profit Tax and EMTL declined during the period.
