The Federal Government, state governments, and local government councils have shared a total of ₦1.969 trillion as revenue generated in December 2025 from the Federation Account.
The disclosure was made in a statement issued on Monday by the Director of Press and Public Relations in the Office of the Accountant General of the Federation, Bawa Mokwa, following the January 2026 meeting of the Federation Account Allocation Committee (FAAC) held in Abuja.
According to the statement, the distributable revenue comprised ₦1.084 trillion from statutory revenue, ₦846.507 billion from Value Added Tax (VAT), and ₦38.110 billion from the Electronic Money Transfer Levy (EMTL).
FAAC reported that gross revenue of ₦2.585 trillion was recorded in December 2025. From this amount, ₦104.697 billion was deducted as the cost of collection, while ₦511.585 billion was set aside for transfers, refunds, and savings, leaving ₦1.969 trillion available for distribution.
The committee noted that gross statutory revenue for the month stood at ₦1.631 trillion, representing a decline of ₦105.202 billion from the ₦1.736 trillion recorded in November 2025.
In contrast, VAT revenue recorded a significant increase. FAAC said ₦913.957 billion was generated from VAT in December 2025, compared to ₦563.042 billion in November, an increase of ₦350.915 billion.
From the total amount shared, the Federal Government received ₦653.500 billion, while the 36 states and the Federal Capital Territory received a combined ₦706.469 billion. The 774 local government councils received ₦513.272 billion. Oil-producing states were also paid ₦96.083 billion as 13 per cent derivation from mineral revenue.
Breaking down the statutory revenue of ₦1.084 trillion, the Federal Government received ₦520.807 billion, states got ₦264.160 billion, and local governments received ₦203.656 billion, in addition to the derivation allocation.
From the ₦846.507 billion VAT pool, the Federal Government received ₦126.976 billion, states shared ₦423.254 billion, and local governments received ₦296.277 billion.
On the ₦38.110 billion generated from the Electronic Money Transfer Levy, the Federal Government received ₦5.717 billion, the states got ₦19.055 billion, and local government councils received ₦13.338 billion.
FAAC also reported mixed performance across revenue sources during the month. Companies Income Tax, Capital Gains Tax, Stamp Duties, Import Duty, and VAT recorded notable increases, while revenue from Excise Duty, Petroleum Profit Tax, Hydrocarbon Tax, and the Electronic Money Transfer Levy declined. Oil and gas royalties, as well as Common External Tariff levies, recorded marginal increases.
Monthly FAAC allocations remain a major source of funding for many states and local governments, particularly for the payment of salaries and the provision of essential public services.
The latest revenue distribution is expected to support government operations across the country in the coming weeks.
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