The Federal Government, states and local government councils shared a total of N1.928 trillion as Federation Account revenue for November 2025, representing a decline from the N2.094 trillion distributed in October.
The revenue was shared at the December 2025 meeting of the Federation Account Allocation Committee (FAAC) held in Abuja, according to a statement issued on Monday by the Director of Press and Public Relations in the Office of the Accountant-General of the Federation, Bawa Mokwa.
“A total sum of N1.928 trillion, being November 2025 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils,” the statement said.
An analysis by The Telegraph showed that the November allocation fell by N166 billion, representing a 7.93 per cent month-on-month decline, compared with the N2.094 trillion shared in October.
This marked a significantly steeper drop than the marginal N9 billion or 0.43 per cent decline recorded between September and October, when allocations slipped from N2.103 trillion to N2.094 trillion.
According to the FAAC communiqué, the N1.928 trillion distributable revenue for November comprised N1.403 trillion from statutory revenue, N485.838 billion from Value Added Tax (VAT) and N39.646 billion from the Electronic Money Transfer Levy (EMTL).
The communiqué further disclosed that gross revenue of N2.343 trillion was available for the month. From this amount, N84.251 billion was deducted as cost of collection, while N330.625 billion was set aside for transfers, interventions, refunds and savings.
Revenue inflows weakened significantly during the month, particularly from both oil and non-oil tax sources.
“Gross statutory revenue of N1.736 trillion was received for November 2025. This was N427.969 billion lower than the N2.164 trillion recorded in October 2025,” the statement noted.
Similarly, gross VAT revenue declined to N563.042 billion in November, down by N156.785 billion from the N719.827 billion generated in October.
From the N1.928 trillion shared, the Federal Government received N747.159 billion, state governments received N601.731 billion, while local government councils got N445.266 billion. Oil-producing states also received N134.355 billion as 13 per cent derivation revenue.
A breakdown showed that from the N1.403 trillion statutory revenue, the Federal Government received N668.336 billion, states got N338.989 billion, and local governments received N261.346 billion, in addition to derivation allocations.
From the N485.838 billion VAT pool, the Federal Government received N72.876 billion, states N242.919 billion, and local governments N170.043 billion.
Revenue from the Electronic Money Transfer Levy was also shared, with the Federal Government receiving N5.947 billion, states N19.823 billion, and local governments N13.876 billion.
The FAAC communiqué attributed the lower November allocation to broad-based declines across major revenue streams, noting that while excise duty recorded a moderate increase, key sources—including Petroleum Profit Tax, Hydrocarbon Tax, Companies Income Tax, Capital Gains Tax, oil and gas royalties, import duty, CET levies, VAT, EMTL and fees—posted significant declines.
Meanwhile, the Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Mohammed Shehu, had earlier disclosed that inflows into the Federation Account rose to N23.06 trillion in the first 10 months of 2025, attributing the increase to fiscal reforms, stronger audits and improved coordination among revenue-generating agencies.
A recent BudgIT State of States Report also highlighted deepening fiscal pressures, revealing that more than 30 states rely heavily on FAAC allocations.
The report showed that 31 states depended on FAAC for at least 80 per cent of their current revenue, while 29 states relied on FAAC for at least half of their total revenue. It added that 28 states depended on FAAC for at least 55 per cent, while 21 states relied on it for more than 70 per cent of their revenue.
