FAAC Allocation Falls To N1.93 Trillion As FG, States, LGs Share Revenue
By Johnson Folarin
Revenue shared by the Federal Government, states and local government councils declined in November 2025, as the three tiers of government received a total of N1.928 trillion from the Federation Account.
The allocation was approved at the December 2025 meeting of the Federation Account Allocation Committee held in Abuja. This was disclosed in a statement issued on Monday by the Director of Press and Public Relations in the Office of the Accountant General of the Federation, Bawa Mokwa.
According to the statement, the Federal Government received N747.159 billion, while state governments got N601.731 billion and local government councils received N445.266 billion. Oil producing states also received N134.355 billion as 13 per cent derivation revenue.
Analysis of the figures showed that the November allocation dropped by N166 billion, representing a 7.93 per cent decline compared with the N2.094 trillion shared in October 2025. This fall was significantly higher than the N9 billion or 0.43 per cent decline recorded between September and October.
The FAAC communiqué explained that the N1.928 trillion distributable revenue comprised N1.403 trillion from statutory revenue, N485.838 billion from Value Added Tax and N39.646 billion from the Electronic Money Transfer Levy.
It added that total gross revenue of N2.343 trillion was available for the month. From this amount, N84.251 billion was deducted as cost of collection, while N330.625 billion was set aside for transfers, interventions, refunds and savings.
The communiqué noted that revenue inflows weakened sharply during the month, with both oil and non oil revenue sources recording significant declines.
Gross statutory revenue fell to N1.736 trillion in November, down by N427.969 billion from the N2.164 trillion recorded in October. Gross VAT revenue also declined to N563.042 billion, representing a drop of N156.785 billion from the N719.827 billion generated in the previous month.
A breakdown of the distribution showed that from the N1.403 trillion statutory revenue, the Federal Government received N668.336 billion, states got N338.989 billion, while local governments received N261.346 billion, excluding derivation funds.
From the VAT pool of N485.838 billion, the Federal Government received N72.876 billion, states got N242.919 billion, while local governments received N170.043 billion.
Revenue from the Electronic Money Transfer Levy was also shared, with the Federal Government receiving N5.947 billion, states N19.823 billion and local governments N13.876 billion.
The FAAC communiqué attributed the lower November allocation to broad based declines in key revenue streams. It noted that while excise duty recorded a slight increase, major drops were recorded in Petroleum Profit Tax, Hydrocarbon Tax, Companies Income Tax, Capital Gains Tax, oil and gas royalties, import duty, CET levies, VAT, EMTL and fees.
Breakdown of November 2025 Allocation
| Tier of Government | Amount (₦) |
| Federal Government | 747.159 billion |
| States | 601.731 billion |
| Local Government Councils | 445.266 billion |
| Oil-Producing States (13% derivation) | 134.355 billion |
- Total allocation for November 2025: N1.928 trillion
- Decline from October 2025: N166 billion (7.93%)
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