FG, states, LGAs share N1.93tn November revenue

The Federal Government, states, and Local Government Councils shared a total of N1.928tn as Federation Account revenue for November 2025, representing a sharp month-on-month decline from the N2.094tn distributed in October.

According to a press statement on Monday by the Director of Press and Public Relations in the Office of the Accountant-General of the Federation, Bawa Mokwa, the revenue was shared at the December 2025 meeting of the Federation Account Allocation Committee held in Abuja.

The statement said, “A total sum of N1.928tn, being November 2025 Federation Account Revenue, has been shared to the Federal Government, States, and the Local Government Councils.”

An analysis by The PUNCH shows that revenue shared in November fell by N166bn from the N2.094tn distributed in October, representing a 7.93 per cent decline month on month.

This drop is significantly steeper than the marginal N9bn or 0.43 per cent decrease recorded between September and October, when allocations slipped from N2.103tn in September to N2.094tn in October 2025.

The FAAC communiqué cited in the statement explained that the N1.928tn distributable revenue for November comprised N1.403tn in statutory revenue, N485.838bn from Value Added Tax, and N39.646bn from the Electronic Money Transfer Levy.

It added that the total gross revenue of N2.343tn was available in November 2025, out of which N84.251bn was deducted as cost of collection, while N330.625bn was set aside for transfers, interventions, refunds, and savings.

According to the communiqué, revenue inflows weakened sharply during the month, particularly from oil and non-oil tax sources. “Gross statutory revenue of N1.736tn was received for the month of November 2025. This was lower than the sum of N2.164tn received in the month of October 2025 by N427.969bn,” the statement said.

Similarly, gross VAT revenue declined significantly. The communiqué noted that “gross revenue of N563.042bn was available from the Value Added Tax in November 2025,” compared with N719.827bn recorded in October, representing a drop of N156.785bn.