FAAC Allocates N1.969 Trillion to FG, States, and LGs as December 2025 Revenue Reaches N2.585 Trillion

On Monday, December 2025, the three levels of government collectively received N1.969 trillion as revenue from the Federation Account, announced during the inaugural FAAC meeting for 2026 in Abuja.

This allocation represents an increase of approximately N41 billion compared to the N1.928 trillion distributed in November 2025.

The Accountant General of the Federation (OAGF) confirmed the figures through a statement from its Director of Press and Public Relations, Bawa Mokwa, who referenced a communiqué released during the FAAC session.

The total sum of N1.969 trillion available for distribution included 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).

While the total sum of N1.969 trillion was allocated among the tiers of government, the gross revenue for December was reported as N2.585 trillion. The cost of collection deductions amounted to N104.697 billion, with total transfers, refunds, and savings reaching N511.585 billion.

In the distribution of the N1.969 trillion, the federal government received N653.500 billion, state governments shared N706.469 billion, local governments received N513.272 billion, and an additional N96.083 billion, which constitutes 13% of mineral revenue, was shared with the relevant benefiting states as derivation revenue.

The total statutory revenue collected for the month was N1.631 trillion, which is N105.202 billion less than the N1.736 trillion generated in November 2025.

FAAC also reported that VAT revenues generated amounted to N913.957 billion, which exceeded the previous month's revenue of N563.042 billion by N350.915 billion.

From the N1.084 trillion in distributable statutory revenue, the federal government received N520.807 billion, while state governments shared N264.160 billion and local governments received N203.656 billion. An additional N96.083 billion was allocated to mineral-producing states as part of the mineral revenue distribution.

The distribution of the N846.507 billion from VAT saw the federal government receiving N126.976 billion, state governments with N423.254 billion, and N296.277 billion allocated to local governments.

From the N38.110 billion collected from the Electronic Money Transfer Levy, the federal government gained N5.717 billion, state governments received N19.055 billion, and local governments obtained N13.338 billion.

In December, there was a notable increase in revenue from Companies Income Tax (CIT)/CGT, Import Duties, and VAT, while responsibilities such as Oil and Gas Royalty, CET Levies, and various fees saw minor increases. However, the FAAC noted a significant drop in revenues from Excise Duty, Petroleum Profit Tax (PPT)/Hydrocarbon Tax (HT), and the Electronic Money Transfer Levy (EMTL).