The different Nigerian states have become billions of naira richer based on the latest sum of N1.969 trillion shared by the Federal Accounts Allocation Committee (FAAC).
The money in respect of the revenue that accrued last December was shared among the Federal Government, states and local government councils.
The money shared was generated from three main sources thus:
N1.084 trillion in statutory revenue
N846.507 billion from Value Added Tax (VAT), and
N38.110 billion from the Electronic Money Transfer Levy (EMTL).
Though the gross revenue available as at last December was N2.585 trillion; N104.697 billion was deducted as cost of collection, while N511.585 billion was set aside for transfers, refunds and savings, the communique stated.
At N1.631 trillion, the gross statutory revenue for December 2025 was N1.631 trillion, representing a decline of N105.202 billion compared to the N1.736 trillion recorded in November 2025.
However, gross VAT revenue rose significantly to N913.957 billion in December 2025, up by N350.915 billion from the N563.042 billion recorded in November 2025.
How the N1.969 trillion federation revenue was shared:
- Federal Government – N653.500 billion,
- State governments – N706.469 billion.
- Local government councils – N513.272 billion,
- Mineral revenue – N96.083 billion,
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How the N1.084 trillion Federation Revenue was shared:
- Federal Government – N520.807 billion
- States – N264.160 billion,
- local governments – N203.656 billion.
- Oil-producing states – N96.083 billion as derivation revenue.
How the N846.507 billion VAT revenue was shared:
- Federal Government – N126.976 billion
- States – N423.254 billion,
- Local government councils – N296.277 billion.
Cami Ezenwa is a Writer, Editor, Publicist, Biographer and Journalism Trainer
He has worked with the Daily Times, Daily Independent, Financial Standard and Business Television to mention some.
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