Statutory revenue falls by N105bn, VAT surges by N351bn as EMTL adds N38bn
The Federation Account Allocation Committee (FAAC) has disbursed a total of N1.969 trillion to the federal government, states, and local government councils for December 2025.
According to a communiqué from FAAC, issued by Bawa Mokwa, director of press and public relations at the office of the Accountant-General of the Federation, the allocation comprises statutory revenue of N1.084 trillion, value-added tax (VAT) revenue of N846.507 billion, and electronic money transfer levy (EMTL) proceeds of N38.11 billion.
FAAC held its monthly meeting in January but delayed publishing the details of the December allocation until now.
The committee said a total gross revenue of N2.58 trillion was available in December, with N104.697 billion deducted for the cost of collection and N511.585 billion set aside for transfers, refunds, and savings.
Statutory revenue for December stood at N1.63 trillion, down by N105.202 billion compared with November’s N1.736 trillion. In contrast, VAT collections rose sharply to N913.957 billion, an increase of N350.915 billion from the N563.042 billion collected in November.
From the total distributable revenue of N1.969 trillion, the federal government received N653.5 billion, states got N706.4 billion, local governments received N513.2 billion, and N96.083 billion was shared with benefiting states as 13 percent derivation revenue.
Breaking down the figures further:
- From the N1.084 trillion statutory revenue, the federal government received N520.8 billion, states got N264.16 billion, local governments received N203.656 billion, and N96.083 billion went to derivation-eligible states.
- From the N846.507 billion distributable VAT revenue, N126.976 billion went to the federal government, N423.254 billion to states, and N296.277 billion to local governments.
- From the N38.11 billion EMTL revenue, N5.71 billion went to the federal government, N19.05 billion to states, and N13.33 billion to local governments.
FAAC noted that company income tax, import duties, and VAT recorded significant increases in December 2025. Oil and gas royalties, CET levies, and other fees saw marginal growth, while excise duty, petroleum profit tax, and EMTL collections experienced notable declines.
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