The Federation Account Allocation Committee has shared N1.969 trillion among the Federal Government, states and local governments as revenue for December 2025.
This was disclosed in a communiqué released by the Office of the Accountant-General of the Federation. The Director of Press and Public Relations, Mr. Bawa Mokwa, said the total gross revenue for the month stood at N2.585 trillion.
According to the communiqué, “total deduction for cost of collection was N104.697 billion, while transfers, refunds and savings amounted to N511.585 billion.”
FAAC reported that gross statutory revenue for December was N1.631 trillion, a drop of N105.202 billion from November’s figure. It added that VAT revenue rose sharply to N913.957 billion, noting that “this was higher than the N563.042 billion recorded in November by N350.915 billion.”
From the N1.969 trillion distributable amount, the Federal Government received N653.500 billion, states got N706.469 billion, and local government councils were allocated N513.272 billion.
The communiqué confirmed that N96.083 billion, representing 13 per cent derivation from mineral revenue, went to oil-producing states.
FAAC further explained that from the N38.110 billion Electronic Money Transfer Levy, the Federal Government received N5.717 billion, while states and LGs received N19.055 billion and N13.338 billion, respectively.
The committee noted that revenue from Companies Income Tax, Import Duty and VAT increased significantly, while “Excise Duty, Petroleum Profit Tax and EMTL recorded noticeable decreases.”
