The Federation Account Allocation Committee (FAAC) has approved the distribution of ₦1.928 trillion as federation account revenue for November 2025, shared among the Federal Government, state governments, and local government councils.
The allocation was ratified at the December 2025 FAAC meeting in Abuja, where members reviewed the country’s revenue inflows and fiscal performance for the month under consideration.
Revenue Pool and Deductions
According to the FAAC communiqué, the total distributable sum was derived from a gross revenue of ₦2.343 trillion. From this amount, ₦84.251 billion was deducted as the cost of revenue collection, while ₦330.625 billion was set aside for transfers, statutory interventions, and refunds, leaving ₦1.928 trillion available for sharing.
Allocation Breakdown
The approved revenue was shared as follows:
Federal Government: ₦747.159 billion
State Governments: ₦601.731 billion
Local Government Councils: ₦445.266 billion
Oil-Producing States (13% Derivation): ₦134.355 billion
Composition of the Shared Revenue
The total distributable revenue consisted of:
Statutory Revenue: ₦1.403 trillion
Value Added Tax (VAT): ₦485.838 billion
Electronic Money Transfer Levy (EMTL): ₦39.646 billion
Revenue Performance Trends
FAAC reported a noticeable decline in several key revenue streams compared to October 2025, when ₦2.094 trillion was shared. Gross statutory revenue fell to ₦1.736 trillion, representing a drop of ₦427.969 billion from the previous month. Similarly, gross VAT revenue declined to ₦563.042 billion, down by ₦156.785 billion.
While EMTL recorded a gross collection of ₦43.400 billion, only ₦39.646 billion was distributed after statutory deductions.
The committee observed a slight improvement in Excise Duty, but this was outweighed by significant reductions in Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT), Companies Income Tax (CIT) from upstream operations, oil and gas royalties, import duties, CET levies, VAT, EMTL, and other revenue lines.
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Outlook
The November 2025 FAAC allocation highlights continued pressure on government revenues amid declining oil and non-oil income sources. Fiscal experts note that sustained revenue diversification and improved tax efficiency remain critical to stabilizing future federation account distributions.