FAAC Allocates N1.969tn To FG, States, LGs As December 2025 Revenue Hits N2.585tn

December FAAC allocation sees federal, state, and local governments receive N1.969 trillion amid rising VAT collections.

A gross revenue of N913.957 billion was also generated from VAT, which was higher than the N563.042 billion raked in from the revenue source in the preceding month by N350.915 billion.

On the N1.084 trillion distributable statutory revenue, Mokwa stated that the federal government got N520.807 billion, the state governments and local governments shared N264.160 billion and N203.656 billion respectively, while the sum of N96.083 billion was distributed to minerals-producing states as 13 per cent of mineral revenue.

Also, from the N846.507 billion distributable VAT revenue, the federal government received N126.976 billion, state governments got N423.254 billion, while N296.277 billion was distributed to the local governments

The federal government received N5.717 billion shared from the N38.110 billion Electronic Money Transfer Levy (EMTL), the state governments got N19.055 billion, and the local government, N13.338 billion.

In the month under review, revenues generated from Companies Income Tax (CIT)/CGT and STD, Import Duty and Value Added Tax (VAT) significantly increased, while Oil and Gas Royalty, CET Levies, and Fees marginally increased.

The FAAC reported that Excise Duty, Petroleum Profit Tax (PPT)/Hydrocarbon Tax (HT) and Electronic Money Transfer Levy (EMTL) considerably declined in December 2025.