A total of ₦1.969 trillion, representing the Federation Account revenue for December 2025, has been shared among the Federal Government, state governments and local government councils.
This was contained in a communiqué issued after the January meeting of the Federation Account Allocation Committee (FAAC) and made available on Monday by the Director of Press and Public Relations in the Office of the Accountant-General of the Federation, Mr Bawa Mokwa.
According to the communiqué, the ₦1.969 trillion distributable revenue comprised ₦1.084 trillion from statutory revenue, ₦846.507 billion from Value Added Tax (VAT), and ₦38.110 billion from the Electronic Money Transfer Levy (EMTL).
It stated that a total gross revenue of ₦2.585 trillion was recorded in December 2025, out of which ₦104.697 billion was deducted as cost of collection, while ₦511.585 billion went into transfers, refunds and savings.
The document further disclosed that gross statutory revenue for the month stood at ₦1.631 trillion, which was ₦105.202 billion lower than the ₦1.736 trillion recorded in November 2025.
In contrast, VAT performance improved significantly, with gross VAT revenue rising to ₦913.957 billion in December 2025, compared to ₦563.042 billion in November — an increase of ₦350.915 billion.
From the total distributable revenue of ₦1.969 trillion, the Federal Government received ₦653.500 billion, state governments received ₦706.469 billion, while local government councils got ₦513.272 billion. In addition, ₦96.083 billion, representing 13 per cent derivation revenue from mineral resources, was shared among the benefiting states.
A breakdown of the statutory revenue allocation showed that from the ₦1.084 trillion distributed, the Federal Government received ₦520.807 billion, the states got ₦264.160 billion, and the LGs received ₦203.656 billion, while ₦96.083 billion was paid as derivation revenue.
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Similarly, from the ₦846.507 billion VAT pool, the Federal Government received ₦126.976 billion, state governments got ₦423.254 billion, and local governments received ₦296.277 billion.
From the ₦38.110 billion EMTL revenue, the Federal Government received ₦5.717 billion, states received ₦19.055 billion, while local governments got ₦13.338 billion.
The communiqué noted that in December 2025, revenues from Companies Income Tax, Import Duty and VAT recorded significant increases. Oil and Gas Royalty, as well as CET levies and fees, rose marginally, while Excise Duty, Petroleum Profit Tax and EMTL witnessed notable declines.
