FAAC Revenue Drops As Agencies Pay ₦2.34 Trillion In November

Nigeria’s federation account received ₦2.34 trillion in November 2025, showing a clear drop from the amount recorded in the previous month.

Naija News reports that this is based on figures from the Office of the Accountant-General of the Federation.

Records from the Federation Account Allocation Committee meeting held in December showed that inflows declined by ₦591.22 billion compared with the ₦2.93 trillion posted in October.

The fall was linked to weaker earnings from several major revenue sources during the period.

Money paid into the federation account by the Nigerian Upstream Petroleum Regulatory Commission stood at ₦660.04 billion in November, down from ₦873.1 billion in October.

The Federal Inland Revenue Service also remitted less non-oil revenue, with collections falling to ₦337.22 billion from ₦591.15 billion in the previous month.

Receipts from the Nigeria Customs Service dropped to ₦287.17 billion in November, compared with ₦370.28 billion in October.

Value-added tax revenue also declined to ₦563.04 billion from ₦719.82 billion, while proceeds from the electronic money transfer levy reduced to ₦43.4 billion from ₦49.86 billion.

In contrast, revenue from the Nigerian National Petroleum Company Limited increased during the month, rising to ₦44.92 billion from ₦14.72 billion in October.

Oil-related revenue collected by the Federal Inland Revenue Service also grew to ₦407.57 billion, up from ₦315.64 billion recorded earlier.

Out of the total revenue, ₦49.76 billion was paid into the Midstream and Downstream Gas Infrastructure Fund as gas flare penalties in November.

After these adjustments, net revenue available to the federation stood at ₦2.29 trillion, lower than the ₦2.87 trillion recorded in October, reflecting a drop of N581.56 billion.

Deductions from the federation account were lower in November, easing to ₦365.1 billion from ₦780.45 billion in the previous month.

Savings from the account reduced to ₦200 billion from ₦300 billion, while the cost of revenue collection by agencies such as the FIRS, Customs, and NUPRC fell to ₦84.25 billion from ₦115.27 billion.

Transfers to the North-East Development Commission also declined to ₦16.21 billion from ₦20.73 billion.

Refunds for 13 per cent derivation related to subsidy, priority projects, and the police trust fund remained unchanged at ₦18.16 billion.

Deductions linked to 13 per cent derivation for NNPC management fees and frontier exploration funding dropped sharply to ₦2.87 billion from ₦21.47 billion.

However, the share of non-oil revenue allocated to the Revenue Mobilisation Allocation and Fiscal Commission rose to ₦6.15 billion from ₦4.8 billion, alongside a separate deduction of ₦37.45 billion for outstanding arrears.

After all deductions, the amount shared among the federal, state, and local governments stood at ₦1.92 trillion in November 2025, lower than the ₦2.09 trillion distributed in October.