Abuja, Nigeria – The Federation Account Allocation Committee (FAAC) has distributed a total of N1.969 trillion for December 2025 to the Federal Government, states, and local government councils. The revenue sharing was announced at the January 2026 FAAC meeting in Abuja, according to Bawa Mokwa, Director of Press at the Office of the Accountant General of the Federation.
The total distributable revenue comprised N1.084 trillion in statutory revenue, N846.507 billion from Value Added Tax (VAT), and N38.110 billion from the Electronic Money Transfer Levy (EMTL). This represents an increase compared to N1.928 trillion shared in November 2025.
FAAC reported that gross revenue of N2.585 trillion was available in December 2025, with N104.697 billion deducted for collection costs and N511.585 billion allocated to transfers, refunds, and savings.
Breaking down the share:
- Federal Government: N653.500 billion
- State Governments: N706.469 billion
- Local Government Councils: N513.272 billion
- Derivation Revenue (13% of mineral revenue): N96.083 billion
From the N1.084 trillion statutory revenue, the Federal Government received N520.807 billion, the states N264.160 billion, and local councils N203.656 billion.
From the N846.507 billion VAT revenue, the Federal Government received N126.976 billion, the states N423.254 billion, and local councils N296.277 billion.
From the N38.110 billion EMTL, the Federal Government received N5.717 billion, the states N19.055 billion, and local councils N13.338 billion.
FAAC also noted revenue trends for December: Companies Income Tax (CIT)/CGT, STD, Import Duty, and VAT rose significantly, while Oil and Gas Royalty, CET Levies, and Fees increased marginally. Conversely, Excise Duty, Petroleum Profit Tax (PPT)/Hydrocarbon Tax (HT), and EMTL saw notable declines.
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