•Oil-producing states get N134.35bn

From Adanna Nnamani, Abuja

The Federal Government deducted N84.251 billion as cost of collection from the Federation Account Revenue for November 2025.

Meanwhile, oil-producing states received N134.355 billion as 13 per cent derivation revenue from the Federation Account for the month.

A total sum of N1.928 trillion from the November 2025 Federation Account Revenue was shared among the Federal Government, states and local government councils at the December 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja. A communiqué issued after the meeting disclosed that gross revenue of N2.343 trillion was available for the month. From this amount, N84.251 billion was deducted as cost of collection, while N330.625 billion went into transfers, interventions, refunds and savings.

The communiqué explained that the N1.928 trillion distributable revenue comprised N1.403 trillion statutory revenue, N485.838 billion from Value Added Tax (VAT) and N39.646 billion from the Electronic Money Transfer Levy (EMTL).

From the total distributable amount, the Federal Government received N747.159 billion, while state governments got N601.731 billion. The local government councils received N445.266 billion, in addition to the N134.355 billion shared to oil-producing states as derivation revenue. A breakdown of the statutory revenue showed that the Federal Government received N668.336 billion, states received N338.989 billion, and local governments got N261.346 billion, while N134.355 billion was allocated as derivation revenue.

From the N485.838 billion VAT revenue, the Federal Government received N72.876 billion, states received N242.919 billion, and local governments received N170.043 billion.

The EMTL distribution showed that the Federal Government received N5.947 billion, states got N19.823 billion, while local governments received N13.876 billion.

The communiqué also revealed that gross statutory revenue dropped to N1.736 trillion in November, representing a decline of N427.969 billion from the N2.164 trillion recorded in October 2025. Similarly, VAT revenue fell by N156.785 billion to N563.042 billion from N719.827 billion in the previous month.

It added that while excise duty recorded a moderate increase, major revenue lines including Petroleum Profit Tax, Hydrocarbon Tax, Companies Income Tax, oil and gas royalties, import duty, VAT and EMTL recorded substantial declines during the month.