The Federation Account Allocation Committee (FAAC) has shared a total sum of N1.969 trillion as December 2025 Federation Account revenue among the Federal Government, State Governments and Local Government Councils.

 

This was disclosed in a communiqué issued after the January 2026 FAAC meeting held in Abuja, and confirmed in a statement released on Monday by the Director of Press and Public Relations in the Office of the Accountant-General of the Federation (OAGF), Alhaji Bawa Mokwa.

 

According to the communiqué, the N1.969 trillion total distributable revenue comprised N1.084 trillion from distributable statutory revenue, N846.507 billion from Value Added Tax (VAT), and N38.110 billion from the Electronic Money Transfer Levy (EMTL).

 

FAAC reported that total gross revenue of N2.585 trillion was available in December 2025. From this amount, N104.697 billion was deducted as cost of collection, while N511.585 billion went to transfers, refunds and savings.

 

The communiqué further stated that gross statutory revenue for December 2025 stood at N1.631 trillion, representing a decrease of N105.202 billion compared to the N1.736 trillion recorded in November 2025. In contrast, VAT revenue rose significantly, with N913.957 billion generated in December 2025, an increase of N350.915 billion over the N563.042 billion recorded in November.

 

From the total distributable revenue of N1.969 trillion, the Federal Government received N653.500 billion, State Governments received N706.469 billion, while Local Government Councils got N513.272 billion. In addition, N96.083 billion, representing 13 per cent of mineral revenue, was shared among oil-producing states as derivation revenue.

 

A breakdown of the N1.084 trillion statutory revenue showed that the Federal Government received N520.807 billion, State Governments got N264.160 billion, and Local Government Councils received N203.656 billion, while N96.083 billion was allocated to benefiting states as derivation revenue.

 

From the N846.507 billion distributable VAT revenue, the Federal Government received N126.976 billion, State Governments got N423.254 billion, and Local Government Councils received N296.277 billion.

 

Revenue from the N38.110 billion Electronic Money Transfer Levy was shared with the Federal Government receiving N5.717 billion, State Governments N19.055 billion, and Local Government Councils N13.338 billion.

 

The communiqué also noted changes in revenue performance during the month. Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duties (STD), Import Duty and VAT recorded significant increases, while Oil and Gas Royalty, CET levies and fees rose marginally. However, Excise Duty, Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT), and Electronic Money Transfer Levy (EMTL) recorded considerable declines.

 

FAAC said the revenue distribution reflects ongoing efforts to ensure equitable allocation of national resources among the three tiers of government.