The Federal Government, states, and Local Government Councils shared a total of N1.928tn as Federation Account revenue for November 2025, representing a sharp month-on-month decline from the N2.094tn distributed in October.
According to a press statement on Monday by the Director of Press and Public Relations in the Office of the Accountant-General of the Federation, Bawa Mokwa, the revenue was shared at the December 2025 meeting of the Federation Account Allocation Committee held in Abuja.
The statement said, “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 by The PUNCH shows that revenue shared in November fell by N166bn from the N2.094tn distributed in October, representing a 7.93 per cent decline month on month.
This drop is significantly steeper than the marginal N9bn or 0.43 per cent decrease recorded between September and October, when allocations slipped from N2.103tn in September to N2.094tn in October 2025.
The FAAC communiqué cited in the statement explained that the N1.928tn distributable revenue for November comprised N1.403tn in statutory revenue, N485.838bn from Value Added Tax, and N39.646bn from the Electronic Money Transfer Levy.
It added that the total gross revenue of N2.343tn was available in November 2025, out of which N84.251bn was deducted as cost of collection, while N330.625bn was set aside for transfers, interventions, refunds, and savings.
According to the communiqué, revenue inflows weakened sharply during the month, particularly from 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 the month of October 2025 by N427.969bn,” the statement said.
Similarly, gross VAT revenue declined significantly. The communiqué noted that “gross revenue of N563.042bn was available from the Value Added Tax in November 2025,” compared with N719.827bn recorded in October, representing a drop of N156.785bn.
From the N1.928tn shared, the Federal Government received N747.159bn, while state governments got N601.731bn. The local government councils received N445.266bn, and oil-producing states shared N134.355bn as 13 per cent derivation revenue.
A breakdown of the statutory revenue showed that from the N1.403tn distributable amount, the Federal Government received N668.336bn, the states received N338.989bn, and the local governments got N261.346bn, in addition to the N134.355bn paid as derivation.
From the N485.838bn VAT pool, the Federal Government received N72.876bn, states received N242.919bn, and local governments got N170.043bn. The statement further disclosed that revenue from the Electronic Money Transfer Levy was also shared among the three tiers of government.
It said the Federal Government received N5.947bn, states got N19.823bn, and local governments received N13.876bn from the N39.646bn EMTL revenue. The FAAC communiqué attributed the weaker November allocation to broad-based declines across key revenue lines.
It noted that while excise duty “increased moderately,” major 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 substantial decreases” during the month.
The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission, Mohammed Shehu, earlier said 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.
The 10th edition of the BudgIT State of States Report recently revealed that over 30 states in Nigeria rely on Federal Account Allocation Committee allocations for their revenue, leading to fiscal pressures.
In total, 31 states depended on FAAC for at least 80 per cent of their current revenue, indicating just how challenging the fiscal situation has become for many of them.
The report added that 29 states relied on FAAC receipts for at least half of their total revenue, 28 states relied on FAAC for at least 55 per cent of their total revenue, and 21 relied on it for over 70 per cent.
