The sum of N1.969 trillion, being December 2025 Federation Account Revenue, was shared to the Federal Government, States and the Local Government Councils, during the January 2026 Federation Account Allocation Committee (FAAC) meeting held in Abuja.
This was contained in a statement by the Office of the Accountant-General of the Federation (OAGF) through the Director of Press & Public Relations, Alhaji Bawa Mokwa, on Monday.
The N1.969 trillion total distributable revenue comprises of distributable statutory revenue amounting to N1.084 trillion; distributable Value Added Tax (VAT) revenue amounting to N846.507 billion; and Electronic Money Transfer Levy (EMTL) revenue of N38.110 billion.
A communiqué issued by the Federation Account Allocation Committee (FAAC) showed that the total gross revenue of N2.585 trillion was generated in the month of December 2025.
Total deduction for cost of collection was N104.697 billion, while total transfers, refunds and savings was N511.585 billion.
According to the statement, gross statutory revenue of N1.631 trillion was received for the month of December 2025.
This was lower than the sum of N1.736 trillion received in the month of November 2025 by N105.202 billion.
Similarly, gross revenue of N913.957 billion was available from the Value Added Tax (VAT) in December 2025.
This was higher than the N563.042 billion available in the month of November 2025 by N350.915 billion.
The communiqué stated that from the N1.969 trillion total distributable revenue, the Federal Government received a total sum of N653.500 billion while state governments received a total of N706.469 billion.
Local government Councils on their part, received N513.272 billion, while the sum of N96.083 billion (13% of mineral revenue) was shared to the benefiting state as derivation receipts.
On the N1.084 trillion distributable statutory revenue, the communiqué stated that the Federal Government received N520.807 billion while state governments received N264.160 billion.
Also, Local Government Councils received N203.656 billion and the sum of N96.083 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.
From the N846.507 billion distributable Value Added Tax (VAT) revenue, federal government received N126.976 billion, state governments got N423.254 billion, qhile the Local Government Councils shared N296.277 billion.
A total sum of N5.717 billion was received by the federal government from the N38.110 billion Electronic Money Transfer Levy (EMTL), state governments received N19.055 billion, and the Local Government Councils got N13.338 billion.
In December 2025, Companies Income Tax (CIT)/CGT and STD, Import Duty and Value Added Tax (VAT) increased significantly, while Oil and Gas Royalty, CET Levies and Fees increase Marginally. Excise Duty, Petroleum Profit Tax (PPT)/Hydrocarbon Tax (HT) and Electronic Money Transfer Levy (EMTL) recorded considerable decreases, according to the statement.
