Workers receive payments as FAAC shares N1.969trn December revenue to 3 tiers of government

*Nigeria’s Federal Accounts Allocation Committee explains how it has shared the sum of N1.969 trillion, comprising distributable statutory revenue of N1.084 trillion, distributable Value-Added Tax revenue of N846.507 billion, and Electronic Money Transfer Levy revenue of N38.110 billion to the Federal Government, States and the Local Councils

Alexander Davis | ConsumerConnect

The Federal Accounts Allocation Committee (FAAC) has shared the sum of N1.969 trillion to the Federal, States and the Local Government Councils (LGCs).

The FAAC, which disclosed this development in a communique Sunday, February 1, 2026, said the fund was for Federation revenue that accrued December 2025.

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It also explained the N1.969 trillion consisted of distributable statutory revenue of N1.084 trillion, distributable Value-Added Tax (VAT) revenue of N846.507 billion and Electronic Money Transfer Levy (EMTL) revenue of N38.110 billion.

The Committee as well said the total gross revenue of N2.585 trillion was available December last year.

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Total deduction for cost of collection was N104.697 billion while total transfers, refunds and savings were N511.585 billion.

The communiqué also noted the gross statutory revenue of N1.631 trillion was received for December 2025.

This was lower than the sum of N1.736 trillion received in the month of November 2025 by N105.202 billion.

Gross revenue of N913.957 billion was available from the Value-Added Tax (VAT) in December 2025.

This was higher than the N563.042 billion available in the month of November 2025 by N350.915 billion.

The FAAC stated that from the N1.969 trillion total distributable revenue, the Federal Government received a total sum of N653.500 billion while the state governments received a total sum of N706.469 billion.

The Local Government Councils received N513.272 billion, while the sum of N96.083 billion (13% of mineral revenue) was shared with the benefiting states as derivation revenue.

On the N1.084 trillion distributable statutory revenue, the communiqué stated that the Federal Government received N520.807 billion and the state governments received N264.160 billion.

According to FAAC, the Local Government Councils received N203.656 billion and the sum of N96.083 billion (13% of mineral revenue) was shared among the benefiting states as derivation revenue.

From the N846.507 billion distributable Value-Added Tax (VAT) revenue, the Federal Government received N126.976 billion, the state governments received N423.254 billion and the Local Government Councils received N296.277 billion.

Total N5.717 billion was received by the Federal Government from the N38.110 billion Electronic Money Transfer Levy (EMTL), the state governments received N19.055 billion and the local government councils received N13.338 billion.

The communiqué further indicated that in December last year, Companies Income Tax (CIT)/CGT and STD, Import Duty and Value-Added Tax (VAT) increased significantly while Oil and Gas Royalty, CET Levies and Fees increased marginally. Excise Duty, Petroleum Profit Tax (PPT)/Hydrocarbon Tax (HT) and Electronic Money Transfer Levy (EMTL) recorded considerable decreases.

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