The Federal Government, 36 states and the 774 local government councils have shared a total of ₦1.928tn as Federation Account revenue for November 2025.
This followed the December 2025 meeting of the Federation Account Allocation Committee held in Abuja, according to a communiqué issued at the end of the session.
The committee disclosed that the distributable revenue comprised ₦1.403tn from statutory revenue, ₦485.838bn from Value Added Tax and ₦39.646bn from the Electronic Money Transfer Levy.
Out of the total amount shared, the Federal Government received ₦747.159bn, state governments got ₦601.731bn, while local government councils received ₦445.266bn.
In addition, ₦134.355bn, representing 13 per cent derivation revenue from mineral resources, was allocated to the benefiting states.
The communiqué further revealed that a total gross revenue of ₦2.343tn was available in November 2025.
From this amount, ₦84.251bn was deducted as cost of collection, while ₦330.625bn went into transfers, interventions, refunds and savings.
According to FAAC, gross statutory revenue for the month stood at ₦1.736tn, representing a drop of ₦427.969bn when compared with the ₦2.164tn recorded in October 2025.
Similarly, gross VAT revenue declined to ₦563.042bn in November from ₦719.827bn in October, reflecting a decrease of ₦156.785bn.
A breakdown of the ₦1.403tn distributable statutory revenue showed that the Federal Government received ₦668.336bn, states received ₦338.989bn, while local governments got ₦261.346bn.
The ₦134.355bn derivation revenue was also drawn from this component.
From the ₦485.838bn VAT pool, the Federal Government received ₦72.876bn, state governments got ₦242.919bn, while local government councils received ₦170.043bn.
The ₦39.646bn generated from the Electronic Money Transfer Levy was shared with the Federal Government receiving ₦5.947bn, states ₦19.823bn and local governments ₦13.876bn.
FAAC noted that while excise duty recorded a moderate increase during the period, major revenue sources including Petroleum Profit Tax, Hydrocarbon Tax, Companies Income Tax, oil and gas royalties, import duty, CET levies, VAT and EMTL witnessed substantial declines in November.
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