The Federation Account Allocation Committee (FAAC) has shared N1.969 trillion as December 2025 revenue among the Federal Government, state governments and Local Government Councils.
The allocation was announced in a communiqué issued after the January FAAC meeting and signed by Mr Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant-General of the Federation.
According to the communiqué, the total distributable revenue consisted of N1.084 trillion in statutory revenue, N846.507 billion from Value Added Tax (VAT), and N38.110 billion from the Electronic Money Transfer Levy (EMTL).
It noted that total gross revenue of N2.585 trillion was generated in December 2025, with N104.697 billion deducted as cost of collection and N511.585 billion allocated to transfers, refunds and savings.
Gross statutory revenue for the month stood at N1.631 trillion, reflecting a decrease of N105.202 billion from the N1.736 trillion recorded in November 2025.
VAT revenue, however, rose sharply to N913.957 billion in December, compared to N563.042 billion in November, representing an increase of N350.915 billion.
From the total distributable revenue of N1.969 trillion, the Federal Government received N653.500 billion, the state governments received N706.469 billion, and the Local Government Councils received N513.272 billion.
An additional N96.083 billion, representing 13 per cent derivation revenue from mineral resources, was shared among the eligible states.
The communiqué explained that of the N1.084 trillion statutory allocation, the Federal Government received N520.807 billion, states received N264.160 billion, while Local Government Councils received N203.656 billion.
From the VAT allocation of N846.507 billion, the Federal Government received N126.976 billion, states received N423.254 billion, and Local Government Councils received N296.277 billion.
It added that EMTL revenue of N38.110 billion was shared, with the Federal Government receiving N5.717 billion, states N19.055 billion, and Local Government Councils N13.338 billion.
FAAC also reported that Companies Income Tax, Import Duty and VAT increased significantly in December 2025, while Oil and Gas Royalty, CET Levies and Fees recorded marginal growth.
Meanwhile, Excise Duty, Petroleum Profit Tax and EMTL experienced considerable declines during the period.
