FG, States, LG share N1.928 trillion for November
FG, States, LG share N1.928 trillion for November
A total sum of N1.928 trillion, being the November 2025 Federation Account Revenue, has been shared among the Federal Government, States, and Local Government Councils.
The revenue was shared at the December 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja.
The N1.928 trillion total distributable revenue comprised distributable statutory revenue of N1.403 trillion, distributable Value Added Tax (VAT) revenue of N485.838 billion, and Electronic Money Transfer Levy (EMTL) revenue of N39.646 billion.
A communiqué issued by the Federation Account Allocation Committee (FAAC) indicated that a total of N2.343 trillion in gross revenue was available in November 2025. The total deduction for the cost of collection was N84.251 billion, while the total transfers, interventions, refunds, and savings were N330.625 billion.
According to the communiqué, gross statutory revenue of N1.736 trillion was received for November 2025. This was lower than the sum of N2.164 trillion received in October 2025, by N427.969 billion.
Gross revenue of N563. 042 billion was available from the Value Added Tax (VAT) in November 2025. This was lower than the N719.827 billion available in October 2025 by N156.785 billion.
The communiqué stated that from the total distributable revenue of N1.928 trillion, the Federal Government received a total sum of N747.159 billion, and the State Governments received a total sum of N601.731 billion.
The Local Government Council received N445.266 billion, while the sum of N134.355 billion (13% of the mineral revenue) was shared with the benefiting State as derivation revenue.
Regarding the N1.403 trillion distributable statutory revenue, the communiqué stated that the Federal Government received N668.336 billion, while the State Governments received N338.989 billion.
The Local Government Councils received N261.346 billion, and the sum of N134.355 billion (13% of mineral revenue) was shared among the benefiting States as derivation revenue.
From the N485.838 billion distributable Value Added Tax (VAT) revenue, the Federal Government received N72.876 billion, the State Governments received N242.919 billion, and the Local Government Councils received N170.043 billion.
The Federal Government received a total sum of N5.947 billion from the N39.646 billion Electronic Money Transfer Levy (EMTL). The state governments received N19.823 billion, and the Local Government Councils received N13.876 billion.
In November 2025, Excise Duty increased moderately while Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT), CIT on Upstream Activities, Companies Income Tax (CIT), CGT and SDT, Oil & Gas Royalties, Import Duty, CET Levies, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL), and Fees recorded substantial decreases.
