The Federation Account Allocation Committee (FAAC) has distributed N1.969 trillion to the Federal Government, States, and the Local Government Councils as the December 2025 Federation Account Revenue.
The revenue was shared at the January 2026 FAAC meeting held in Abuja, the nation’s capital.
The committee, in a communique issued by its Director of Press and Public Relations, Bawa Mokwa, on Monday, February 2, said the N1.969 trillion total distributable revenue comprised distributable statutory revenue of N1.084 trillion, distributable Value Added Tax (VAT) revenue of N846.507 billion, and Electronic Money Transfer Levy (EMTL) revenue of N38.110 billion.
The FAAC stated that total gross revenue of N2.585 trillion was available in December 2025, saying the total deduction for cost of collection was N104.697 billion, while total transfers, refunds and savings was N511.585 billion.
It disclosed that gross statutory revenue of N1.631 trillion was received for December 2025, noting that this was lower than the sum of N1.736 trillion received in November 2025 by N105.202 billion.
The FAAC revealed that gross revenue of N913.957 billion was available from VAT in December 2025, saying this was higher than the N563.042 billion available in November 2025 by N350.915 billion.
The committee stated that from the N1.969 trillion total distributable revenue, the federal government received N653.500 billion, while state governments received N706.469 billion.
It disclosed that local government councils received N513.272 billion, while the sum of N96.083 billion (13% of mineral revenue) was shared to the benefiting state as derivation revenue.
On the N1.084 trillion distributable statutory revenue, the FAAC stated that the federal government received N520.807 billion and the state governments received N264.160 billion.
Airports tense as FAAN enforces 257% cargo tariff hike
The FAAC said local government councils received N203.656 billion, while N96.083 billion (13% of mineral revenue) was shared to the benefiting states as derivation revenue.
The committee said from the N846.507 billion distributable VAT revenue, the federal government received N126.976 billion, the state governments received N423.254 billion, and the local government councils received N296.277 billion.
It noted that N5.717 billion was received by the federal government from the N38.110 billion EMTL, the state governments received N19.055 billion, and the local government councils received N13.338 billion.
The FAAC disclosed that in December 2025, Companies Income Tax (CIT)/CGT and STD, Import Duty, and VAT increased significantly while Oil and Gas Royalty, CET Levies and Fees increase marginally.
The FAAC added that Excise Duty, Petroleum Profit Tax (PPT)/Hydrocarbon Tax (HT), and EMTL recorded considerable decreases.
- We’re not replacing Morocco as 2026 WAFCON hosts ― South Africa - February 2, 2026
- FAAC shares N1.969trn December revenue to FG, states, LGs - February 2, 2026
- ‘We’re partners in progress’: Uba Sani lauds Abbas over empowerment programme in Kaduna - February 2, 2026
