The Federation Account Allocation Committee (FAAC) has disbursed a total of N1.92 trillion as revenue for November to the federal government, states and local government councils.
The allocation was approved at FAAC’s December 2025 meeting held in Abuja and chaired by the Minister of State for Finance, Doris Uzoka-Anite, according to a report by the Nigerian Television Authority (NTA) on Monday.
A communiqué issued after the meeting showed that the distributable revenue comprised ₦1.40 trillion from statutory revenue, ₦485.83 billion from value-added tax (VAT), and ₦39.64 billion generated from the electronic money transfer levy (EMTL).
FAAC disclosed that total gross revenue available for the month stood at ₦2.34 trillion. From this amount, ₦84.25 billion was deducted as the cost of collection, while ₦330.62 billion was set aside for transfers, interventions, refunds and savings.
The committee noted a decline in statutory revenue, stating that gross statutory receipts for November amounted to ₦1.736 trillion, down by ₦427.97 billion from the ₦2.164 trillion recorded in October 2025.
VAT collections also dropped during the period. Gross VAT revenue for November stood at ₦563.04 billion, representing a decrease of ₦156.78 billion compared to the ₦719.82 billion generated in October. From the VAT proceeds, ₦22.52 billion was deducted for collection costs, while ₦54.68 billion was allocated for transfers, interventions and refunds.
