Tuesday February 2, 2026
www.thenewsdesk.ng
The Federal Government, state governments, and local government councils have shared a total of ₦1.969 trillion as revenue generated in December 2025 from the Federation Account.
This was disclosed in a statement signed by the Director of Press and Public Relations in the Office of the Accountant General of the Federation, Bawa Mokwa, on Monday after the January 2026 meeting of the Federation Account Allocation Committee, which was held in Abuja.
According to the statement, the ₦1.969 trillion shared among the three tiers of government was made up of ₦1.084 trillion from statutory revenue, ₦846.507 billion from Value Added Tax, and ₦38.110 billion from the Electronic Money Transfer Levy.
The FAAC communiqué explained that a total gross revenue of ₦2.585 trillion was recorded in December 2025. From this amount, ₦104.697 billion was deducted as the cost of collection, while ₦511.585 billion went into transfers, refunds, and savings, leaving ₦1.969 trillion for distribution.
The committee said gross statutory revenue for the month stood at ₦1.631 trillion. This was lower than the ₦1.736 trillion recorded in November 2025, showing a drop of ₦105.202 billion.
However, revenue from Value Added Tax rose sharply. FAAC reported that ₦913.957 billion was generated from VAT in December 2025, compared to ₦563.042 billion in November, an increase of ₦350.915 billion.
From the total amount shared, the Federal Government received ₦653.500 billion. The 36 states and the Federal Capital Territory got a combined ₦706.469 billion, while the 774 local government councils received ₦513.272 billion. Oil-producing states were also paid ₦96.083 billion as their 13 percent derivation from mineral revenue.
Breaking down the statutory revenue of ₦1.084 trillion, the Federal Government took ₦520.807 billion, the states received ₦264.160 billion, and local governments got ₦203.656 billion. The ₦96.083 billion derivation was also paid to the benefiting states from this portion.
From the ₦846.507 billion VAT pool, the Federal Government received ₦126.976 billion. The states shared ₦423.254 billion, while local governments received ₦296.277 billion.
The monthly FAAC allocation remains a major source of funding for many states and local governments, especially for paying workers’ salaries and running basic services.
The latest distribution is expected to support government activities across the country in the coming weeks.
(TheNation)
