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    Home»Government»FAAC Shares ₦1.969tr December revenue to FG, states, councils at FAAC meeting
    Government

    FAAC Shares ₦1.969tr December revenue to FG, states, councils at FAAC meeting

    straightnewsng.comBy straightnewsng.comFebruary 3, 2026 --- 12:24 amNo Comments5 Mins Read
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    Federation Accounts Allocation Committee-FAAC - Straightnews
    Federation Accounts Allocation Committee-FAAC
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    Akakan Umoh

    The Federal Government, state governments, and local government councils have shared ₦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.

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    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.

    On the ₦38.110 billion generated from the Electronic Money Transfer Levy, the Federal Government got ₦5.717 billion. The states received ₦19.055 billion, and the local government councils were allocated ₦13.338 billion.

    FAAC also gave an update on how different revenue sources performed during the month. It said income from Companies Income Tax, Capital Gains Tax, and Stamp Duties, as well as Import Duty and VAT, recorded strong increases.

    At the same time, the committee noted that revenue from Excise Duty, Petroleum Profit Tax, Hydrocarbon Tax, and the Electronic Money Transfer Levy declined. Oil and gas royalties, as well as Common External Tariff levies and fees, recorded only slight increases.

    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.

    Despite the ongoing indefinite strike action and planned protest and rally by the Nigerian Labour Congress (NLC) and some of its affiliates on Tuesday against the Federal Capital Territory Administration (FCTA), some workers have shunned the industrial action and resumed work on Monday.

    The NLC Chairman, FCT Chapter, Comrade Stephen Knabayi, had issued a statement ordering all union affiliates in the FCT to appear in their union’s attire for mass protests on Tuesday, February 3, 2026.

    Meanwhile, a visit to some offices in the FCT Central Administration, including the Minister’s Block, Treasury Department, Federal Capital Development Authority (FCDA), Abuja Geographic Information Systems (AGIS), and others, showed that workers were at their duty posts carrying out their assignments.

    Some workers, who preferred to speak off the record, said they opted to resume work in obedience to a court ruling while dialogue between the administration and the union continued.

    Recall that the FCTA workers under the Joint Union Action Committee (JUAC) had embarked on industrial action on January 9, to press home their demands over unpaid allowances and other issues.

    The administration had approached the National Industrial Court of Nigeria, challenging the legality of the industrial action embarked upon by the workers.

    The Industrial Court in Abuja last week Tuesday ordered the workers to suspend their strike, pending further hearing in a suit filed by the FCT Minister.

    Justice Emmanuel Subilim granted the order in a ruling on an application filed by the Minister of the Federal Capital Territory, Nyesom Wike, and the FCTA.

    Subsequently, in a move to restore administrative order across the FCTA, the Acting Head of Service of the FCT, Nancy Sabanti Nathan, directed all permanent secretaries and heads of departments to ensure compliance with the court order by maintaining staff attendance registers.

    The circular, dated January 27, 2026, instructed Permanent Secretaries and Heads of Departments, Parastatals, and Agencies to enforce immediate resumption of duties by workers, reaffirming the administration’s commitment to staff welfare.

     

     

     

     

     

    Abuja FAAC Federal Government Local government states
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    FAAC Shares ₦1.969tr December revenue to FG, states, councils at FAAC meeting

    By straightnewsng.comFebruary 3, 2026 --- 12:24 am0

    Akakan Umoh The Federal Government, state governments, and local government councils have shared ₦1.969 trillion…

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