A total of ₦1.969 trillion, representing the December 2025 Federation Account Revenue, has been distributed among the Federal Government, state governments, and local government councils.
The allocation was made at the January 2026 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 (OAGF), Bawa Mokwa.
Mokwa said the December allocation comprised ₦1.084 trillion in statutory revenue, ₦846.507 billion in distributable Value Added Tax (VAT), and ₦38.110 billion from the Electronic Money Transfer Levy (EMTL).
He disclosed that 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 was set aside for transfers, refunds, and savings.
According to the statement, local government councils received ₦513.272 billion in total, while ₦96.083 billion, representing 13 per cent of mineral revenue was shared among the benefiting states as derivation revenue.
From the ₦1.084 trillion distributable statutory revenue, the Federal Government received ₦520.807 billion, state governments got ₦264.160 billion, and local government councils received ₦203.656 billion. The derivation fund of ₦96.083 billion was allocated to oil-producing states.
Out of the total ₦1.969 trillion distributable revenue, the Federal Government received ₦653.500 billion, while state governments received ₦706.469 billion.
FAAC further noted that from the ₦846.507 billion distributable VAT revenue, the Federal Government received ₦126.976 billion, state governments got ₦423.254 billion, and local government councils received ₦296.277 billion.
On EMTL revenue, Mokwa explained that the Federal Government received ₦5.717 billion, state governments received ₦19.055 billion, and local government councils received ₦13.338 billion.
He added that Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duties (STD), import duty, and VAT recorded significant increases in December. In contrast, Oil and Gas Royalty as well as CET levies and fees rose marginally.
However, Excise Duty, Petroleum Profit Tax (PPT)/Hydrocarbon Tax (HT), and EMTL witnessed considerable declines during the period.
