FG, States, LGs Share N1.93tn November Revenue, FAAC

• The Federal Government, states, and local governments shared N1.928tn from the Federation Account in November 2025, down from N2.094tn in October, as revenue inflows from oil and non-oil sources weakened.

The Federal Government, states, and local government areas shared a total of N1.928tn as Federation Account revenue for November 2025, reflecting a decline from the N2.094tn shared in October.

The revenue was distributed at the December 2025 meeting of the Federation Account Allocation Committee (FAAC) in Abuja, according to a statement issued by Bawa Mokwa, Director of Press and Public Relations in the Office of the Accountant-General of the Federation.

The statement read, “A total sum of N1.928tn, being November 2025 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils.”

An analysis showed that the November allocation dropped by N166bn, representing a 7.93 percent month-on-month decline compared with October’s N2.094tn. This was a sharper fall than the marginal N9bn (0.43%) decrease recorded between September and October.

The FAAC communiqué explained that the N1.928tn distributable revenue consisted of N1.403tn from statutory revenue, N485.838bn from Value Added Tax (VAT), and N39.646bn from the Electronic Money Transfer Levy (EMTL). A total gross revenue of N2.343tn was available, from which N84.251bn was deducted as cost of collection, and N330.625bn set aside for transfers, interventions, refunds, and savings.

Revenue inflows weakened considerably during the month, especially from both oil and non-oil tax sources. “Gross statutory revenue of N1.736tn was received for the month of November 2025. This was lower than the sum of N2.164tn received in October 2025 by N427.969bn,” the statement added. Similarly, VAT revenue fell to N563.042bn in November, down by N156.785bn from October’s N719.827bn.

From the N1.928tn shared, the Federal Government received N747.159bn, state governments got N601.731bn, and local government councils received N445.266bn. Oil-producing states also received N134.355bn as 13 percent derivation revenue.

A breakdown of statutory revenue allocations showed the Federal Government received N668.336bn, states N338.989bn, and local governments N261.346bn, in addition to the derivation allocation. From the VAT pool, the Federal Government got N72.876bn, states N242.919bn, and local governments N170.043bn. Revenue from the EMTL was shared with the Federal Government receiving N5.947bn, states N19.823bn, and local governments N13.876bn.

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The lower November allocation was attributed to broad-based declines across major revenue lines. While excise duty recorded a moderate increase, key sources such as Petroleum Profit Tax, Hydrocarbon Tax, Companies Income Tax, Capital Gains Tax, oil and gas royalties, import duty, CET levies, VAT, EMTL, and fees recorded significant drops.

Meanwhile, the Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Mohammed Shehu, noted that inflows into the Federation Account rose to N23.06tn in the first 10 months of 2025, attributing the increase to fiscal reforms, stronger audits, and improved coordination among revenue agencies.

A recent BudgIT State of States report revealed that more than 30 states rely heavily on FAAC allocations, highlighting mounting fiscal pressures. The report showed that 31 states depended on FAAC for at least 80 percent of their current revenue, 29 states for at least half of their total revenue, 28 states for at least 55 percent, and 21 states for over 70 percent.