The Federation Account Allocation Committee (FAAC) has distributed ₦1.969 trillion to the Federal Government, states, and local government councils as Federation Account revenue for December 2025.
A communiqué issued after the meeting revealed that the sharp rise in VAT earnings significantly boosted the December allocation, despite a decline in statutory revenue.
According to FAAC, gross VAT revenue rose to N913.957 billion in December 2025, up from N563.042 billion recorded in November, representing an increase of N350.915 billion.
The total N1.969 trillion distributable revenue comprised N1.084 trillion statutory revenue, N846.507 billion VAT revenue, and N38.110 billion from the Electronic Money Transfer Levy (EMTL).
FAAC disclosed that gross revenue of N2.585 trillion was available in December, from which N104.697 billion was deducted as cost of collection, while N511.585 billion went for transfers, refunds, and savings.
The communiqué further showed that gross statutory revenue fell to N1.631 trillion, down by N105.202 billion from the N1.736 trillion recorded in November 2025.
From the N1.969 trillion shared, the Federal Government received N653.500 billion, while state governments got N706.469 billion.
The local government councils received N513.272 billion, while oil-producing states shared N96.083 billion as 13 per cent derivation revenue.
A breakdown of the N846.507 billion VAT revenue showed that the Federal Government received N126.976 billion, states got N423.254 billion, while local governments received N296.277 billion.
Similarly, from the N1.084 trillion statutory revenue, the Federal Government received N520.807 billion, states received N264.160 billion, while local governments got N203.656 billion, with N96.083 billion paid as derivation to beneficiary states.
From the N38.110 billion EMTL, the federal government received N5.717 billion, states got N19.055 billion, while local governments received N13.338 billion.
FAAC noted that Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duties, Import Duty, and VAT recorded significant increases during the month.
However, excise duty, Petroleum Profit Tax (PPT)/Hydrocarbon Tax (HT) and EMTL declined considerably, while oil and gas royalty, CET levies, and fees rose marginally.