The Federation Account Allocation Committee (FAAC) has shared a total of N1.969 trillion in Federation Account revenue for December 2025 among the Federal Government, states, and local government councils. The allocation was announced at the January 2026 FAAC meeting in Abuja, according to Bawa Mokwa, Director of Press at the Office of the Accountant General of the Federation.

The total distributable revenue comprised:

• Statutory revenue: N1.084 trillion

• Value Added Tax (VAT) revenue: N846.507 billion

• Electronic Money Transfer Levy (EMTL): N38.110 billion

This represents an increase compared with N1.928 trillion shared in November 2025.

From the total distributable amount, the Federal Government received N653.500 billion, state governments got N706.469 billion, and local government councils received N513.272 billion. Additionally, N96.083 billion from mineral revenue was shared with the benefiting states as derivation revenue.

Breakdown of allocations:

• Statutory revenue: Federal Government – N520.807 billion; States – N264.160 billion; Local Governments – N203.656 billion; Derivation – N96.083 billion

• VAT: Federal Government – N126.976 billion; States – N423.254 billion; Local Governments – N296.277 billion

• EMTL: Federal Government – N5.717 billion; States – N19.055 billion; Local Governments – N13.338 billion

FAAC also reported revenue trends for the month: Companies Income Tax (CIT)/Capital Gains Tax (CGT), Stamp Duties, Import Duty, and VAT saw significant increases, while Oil and Gas Royalty, CET Levies, and fees rose marginally. Conversely, Excise Duty, Petroleum Profit Tax (PPT)/Hydrocarbon Tax (HT), and EMTL recorded notable decreases.

Gross revenue for December totaled N2.585 trillion, with N104.697 billion deducted for cost of collection and N511.585 billion allocated for transfers, refunds, and savings.