Nigeria’s Federation Account Allocation Committee (FAAC) disbursed ₦2.34 trillion in November 2025. This marks a significant decline of ₦591.22 billion compared to October’s ₦2.93 trillion allocation.
Revenue Sources Show Widespread Decline
Multiple revenue streams contributed to the downturn:
- Nigerian Upstream Petroleum Regulatory Commission payments fell to ₦660.04 billion (from ₦873.1 billion)
- Federal Inland Revenue Service non-oil revenue dropped to ₦337.22 billion (from ₦591.15 billion)
- Customs Service receipts decreased to ₦287.17 billion (from ₦370.28 billion)
- VAT collections declined to ₦563.04 billion (from ₦719.82 billion)
- Electronic money transfer levy reduced to ₦43.4 billion (from ₦49.86 billion)
Notable Revenue Increases
Despite overall declines, some sectors showed improvement:
- NNPC Limited revenue rose to ₦44.92 billion (from ₦14.72 billion)
- FIRS oil revenue increased to ₦407.57 billion (from ₦315.64 billion)
Adjustments and Deductions
After ₦49.76 billion gas flare penalty payments, net federation revenue stood at ₦2.29 trillion. Total deductions decreased to ₦365.1 billion from ₦780.45 billion. Key deductions included:
- Savings fund reduced to ₦200 billion (from ₦300 billion)
- Revenue agency collection costs fell to ₦84.25 billion
- North-East Development Commission transfer decreased to ₦16.21 billion
- 13% derivation refunds remained steady at ₦18.16 billion
Final Allocation Impact
The distributable pool for federal, state, and local governments totaled ₦1.92 trillion in November. This represents a ₦170 billion decrease from October’s ₦2.09 trillion allocation.
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