The Federation Account Allocation Committee (FAAC) has shared a total of N1.969 trillion as revenue generated in December 2025 among the Federal Government, the 36 states and the 774 local government councils.
The allocation was made at the January 2026 FAAC meeting held in Abuja, according to a statement issued yesterday by the Director of Press in the Office of the Accountant-General of the Federation, Bawa Mokwa.
A breakdown of the figure showed that the distributable revenue comprised N1.084 trillion from statutory revenue, N846.507 billion from Value Added Tax (VAT) and N38.110 billion from the Electronic Money Transfer Levy (EMTL).
The amount represented a marginal improvement over the N1.928 trillion shared in November 2025, underscoring a modest upward trajectory in federally collected revenues despite persisting fiscal pressures.
FAAC disclosed that a total gross revenue of N2.585 trillion accrued to the Federation Account in December 2025. From this, N104.697 billion was deducted as cost of collection, while N511.585 billion went into transfers, refunds and savings.
Further details from the communiqué revealed that gross statutory revenue for the month stood at N1.631 trillion, reflecting a decline of N105.202 billion when compared with the N1.736 trillion recorded in November 2025.
In contrast, VAT performance improved significantly, with N913.957 billion generated in December, up by N350.915 billion from the N563.042 billion recorded in the preceding month.
From the total distributable revenue of N1.969 trillion, the Federal Government received N653.500 billion, state governments got N706.469 billion, while local government councils shared N513.272 billion. An additional N96.083 billion, representing 13 per cent derivation from mineral revenue, was allocated to benefiting states.
On the statutory revenue component of N1.084 trillion, the Federal Government received N520.807 billion, states received N264.160 billion, and local councils got N203.656 billion, with N96.083 billion paid as derivation revenue.
Similarly, from the N846.507 billion VAT pool, the Federal Government received N126.976 billion, states shared N423.254 billion, and local governments got N296.277 billion.
The EMTL revenue of N38.110 billion was also distributed, with the Federal Government receiving N5.717 billion, state governments N19.055 billion and local government councils N13.338 billion.
FAAC noted that in December 2025, revenues from Companies Income Tax, Capital Gains Tax, import duty, stamp duties and VAT rose significantly. Oil and gas royalties, as well as CET levies and fees, recorded marginal increases. However, excise duty, Petroleum Profit Tax, Hydrocarbon Tax and EMTL witnessed considerable declines, reflecting ongoing volatility in key revenue streams.
