The Digest:
The Federation Account Allocation Committee (FAAC) distributed N1.92 trillion for November 2025, a figure impacted by a N156 billion drop in Value Added Tax (VAT) revenue.
Key Points:
- FAAC shared N1.92 trillion to federal, state, and local governments for November 2025 revenue.
- The distributable sum comprised N1.40 trillion in statutory revenue, N485.83 billion from VAT, and N39.64 billion from the Electronic Money Transfer Levy.
- Gross VAT revenue for the month was N563.04 billion, a decrease of N156.78 billion from October's N719.82 billion.
- The federal government received N747.15 billion, states got N601.73 billion, and local councils were allocated N445.26 billion.
- An additional N134.35 billion (13% of mineral revenue) was paid to oil-producing states as derivation revenue.
- FAAC noted substantial decreases in key revenue lines, including Petroleum Profit Tax, Company Income Tax, and import duties.
- The gross statutory revenue of N1.736 trillion for November was N428 billion lower than the N2.164 trillion received in October.
Sources: NTA / TheCable
