The Federation Account Allocation Committee (FAAC) has shared a total of ₦1.969 trillion as Federation Account revenue for December 2025 among the Federal Government, state governments and local government councils.
The allocation was disclosed in a statement issued by the Director of Press and Public Relations at the Office of the Accountant-General of the Federation, Bawa Mokwa, following the January 2026 FAAC meeting held in Abuja.
According to the statement, the total distributable revenue comprised ₦1.084 trillion in statutory revenue, ₦846.507 billion from Value Added Tax (VAT), and ₦38.110 billion generated from the Electronic Money Transfer Levy (EMTL).
The amount shared represented an increase compared with the ₦1.928 trillion distributed in November 2025.
FAAC noted that a Total Gross Revenue of ₦2.585 trillion was available in December 2025. From this amount, ₦104.697 billion was deducted as cost of collection, while ₦511.585 billion was set aside for transfers, refunds and savings.
The communiqué revealed that Gross Statutory Revenue stood at ₦1.631 trillion in December 2025, representing a decline of ₦105.202 billion from the ₦1.736 trillion recorded in November 2025. In contrast, Gross Revenue from Value-Added-Tax (VAT) rose significantly to ₦913.957 billion in December 2025, up by ₦350.915 billion from the ₦563.042 billion recorded in the preceding month.
From the total ₦1.969 trillion distributable revenue, the Federal Government received ₦653.500 billion, while the state governments got ₦706.469 billion. Local government councils (LGCs) received ₦513.272 billion, and ₦96.083 billion, representing 13% of mineral revenue, was allocated to benefiting states as derivation revenue. The sum of ₦96.083 billion was also shared among oil-producing states as derivation revenue.
The committee also reported that in December 2025, Companies Income Tax, Capital Gains Tax, Import Duty and VAT recorded significant increases. Oil and Gas Royalty, CET levies and fees rose marginally, while Excise Duty, Petroleum Profit Tax, Hydrocarbon Tax and EMTL recorded notable declines.
