N1.969 TRILLION FEDERATION ACCOUNT REVENUE SHARED AMONG FEDERAL, STATE, LGAs
Read Time:1 Minute, 36 Second
By Aishat Momoh. O.
A total of ₦1.969 trillion, representing the December 2025 Federation Account revenue, has been shared among the Federal Government, state governments, and local government councils. The allocation was confirmed at the January 2026 Federation Account Allocation Committee (FAAC) meeting held in Abuja.
The Director of Press and Public Relations in the Office of the Accountant-General of the Federation (OAGF), Bawa Mokwa, disclosed on Monday that the December revenue comprised:
Statutory revenue: ₦1.084 trillion
Distributable Value Added Tax (VAT): ₦846.507 billion
Electronic Money Transfer Levy (EMTL): ₦38.110 billion
Gross revenue available for the month was ₦2.585 trillion, with total deductions for cost of collection at ₦104.697 billion, and total transfers, refunds, and savings of ₦511.585 billion.
The distribution of statutory revenue (₦1.084 trillion) was as follows:
Federal Government: ₦520.807 billion
State Governments: ₦264.160 billion
Local Government Councils: ₦203.656 billion
Derivation revenue (13% of mineral revenue): ₦96.083 billion to benefiting states
From the total distributable revenue of ₦1.969 trillion, the allocations were:
Federal Government: ₦653.500 billion
State Governments: ₦706.469 billion
Local Government Councils: ₦513.272 billion
For Value Added Tax (VAT) revenue of ₦846.507 billion:
Federal Government: ₦126.976 billion
State Governments: ₦423.254 billion
Local Government Councils: ₦296.277 billion
For the Electronic Money Transfer Levy (EMTL) of ₦38.110 billion:
Federal Government: ₦5.717 billion
State Governments: ₦19.055 billion
Local Government Councils: ₦13.338 billion
Mokwa noted that Company Income Tax (CIT)/Capital Gains Tax (CGT), Standard Duties, Import Duty, and VAT increased significantly in December. However, Oil and Gas Royalties, CET Levies, and Fees increased only marginally, while Excise Duty, Petroleum Profit Tax (PPT)/Hydrocarbon Tax (HT), and EMTL recorded notable decreases.
The December FAAC report reflects continued revenue mobilization efforts across the federal, state, and local government levels, highlighting key trends in taxation and oil and gas proceeds.
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