A total of N1.969 trillion, representing revenue from the December 2025 Federation Account, has been shared among the Federal Government, state governments and local government councils.
The distribution was carried out at the January meeting of the Federation Account Allocation Committee (FAAC), according to a communiqué issued on Monday by the Director of Press and Public Relations in the Office of the Accountant-General of the Federation, Mr Bawa Mokwa.
The communiqué stated that the total distributable revenue comprised 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).
It disclosed that gross revenue of N2.585 trillion accrued to the Federation Account in December 2025, out of which N104.697 billion was deducted as cost of collection, while N511.585 billion went to transfers, refunds and savings.
According to the communiqué, gross statutory revenue stood at N1.631 trillion in December 2025, representing a decline of N105.202 billion from the N1.736 trillion recorded in November 2025.
In contrast, gross VAT revenue rose significantly to N913.957 billion in December 2025, up by N350.915 billion from the N563.042 billion generated in November.
From the N1.969 trillion total distributable revenue, the Federal Government received N653.500 billion, the state governments received N706.469 billion, while local government councils received N513.272 billion.
In addition, N96.083 billion, representing 13 per cent derivation revenue from mineral sources, was shared among the benefiting states.
A breakdown of the N1.084 trillion statutory revenue showed that the Federal Government received N520.807 billion, states received N264.160 billion, while local governments received N203.656 billion, alongside the N96.083 billion derivation allocation.
Similarly, from the N846.507 billion VAT revenue, the Federal Government received N126.976 billion, state governments N423.254 billion, and local governments N296.277 billion.
