By JKNewsMedia
REVENUE AMOUNTING to N1.928 trillion from the Federation Account has been shared among the Federal Government, State Governments and Local Government Councils for the month of November 2025, reflecting the latest statutory distribution to the three tiers of government.
The revenue was shared at the December 2025 meeting of the Federation Account Allocation Committee held in Abuja, noting that the allocation followed deliberations by the committee, as outlined in a statement and a communiqué issued after the meeting.
Also, the total distributable revenue of N1.928 trillion comprised N1.403 trillion as distributable statutory revenue, N485.838 billion as distributable Value Added Tax (VAT) revenue and N39.646 billion from the Electronic Money Transfer Levy.
The communiqué stated that a total gross revenue of N2.343 trillion was available in November 2025.
From this amount, deductions for the cost of collection stood at N84.251 billion, while total transfers, interventions, refunds and savings amounted to N330.625 billion.
Further details in the communiqué showed that gross statutory revenue of N1.736 trillion was received in November 2025.
This figure was lower than the N2.164 trillion recorded in October 2025, representing a reduction of N427.969 billion over the period.
VAT receipts also declined during the month under review adding that Gross VAT revenue of N563.042 billion was available in November 2025, compared with N719.827 billion recorded in October 2025.
The difference between the two months amounted to N156.785 billion.
From the total distributable revenue of N1.928 trillion, the Federal Government received N747.159 billion. State Governments received a combined total of N601.731 billion, while Local Government Councils received N445.266 billion.
In addition, N134.355 billion, representing 13 percent of mineral revenue, was shared to the benefiting states as derivation revenue, as stated in the communiqué.
A breakdown of the N1.403 trillion distributable statutory revenue showed that the FG received N668.336 billion.
State Governments received N338.989 billion from this component, while Local Government Councils received N261.346 billion.
The sum of N134.355 billion was again shared to the benefiting states as derivation revenue from statutory allocations.
The distribution of the N485.838 billion distributable VAT revenue indicated that the Federal Government received N72.876 billion.
State Governments received N242.919 billion, while Local Government Councils received N170.043 billion from VAT proceeds for the month.
Revenue from the Electronic Money Transfer Levy totalled N39.646 billion.
From this amount, the Federal Government received N5.947 billion. State Governments received N19.823 billion, while Local Government Councils received N13.876 billion.
The communiqué also provided information on revenue performance across various sources in November 2025 stating that Excise Duty increased moderately during the month.
At the same time, several revenue lines recorded substantial decreases including Petroleum Profit Tax, Hydrocarbon Tax, Companies Income Tax on upstream activities, Companies Income Tax, Capital Gains Tax and Stamp Duties.
Other revenue items that recorded substantial decreases in November 2025 were Oil and Gas Royalties, Import Duty, Common External Tariff Levies, Value Added Tax, the Electronic Money Transfer Levy and Fees.
The Federation Account Allocation Committee is responsible for distributing revenue from the Federation Account among the three tiers of government in line with approved sharing formulas.
The committee comprises representatives of the Federal Government, State Governments and Local Government Councils.
The November 2025 allocation followed the established process of assessing gross revenue inflows, deducting costs of collection and statutory obligations, and determining the amount available for distribution.
Other details released after the December 2025 meeting outlined the composition of revenues available for sharing and the amounts received by each tier of government, as well as changes in revenue performance compared with the preceding month.
