FAAC: FG, states, LGAs shared N1.92trn in November | VAT revenue dropped by N156bn.

FAAC: FG, states, LGAs shared N1.92trn in November | VAT revenue dropped by N156bn

The federation account allocation committee (FAAC) shared a sum of N1.92 trillion in November to the federal government, states and the local government councils.

According to a report by NTA on Monday, the revenue was shared at its December 2025 meeting held in Abuja, and chaired by Doris Uzoka-Anite, minister of state for finance.

In the communique issued at the end of the meeting, the N1.92 trillion distributable revenue comprised N1.40 trillion in statutory revenue, N485.83 billion from value-added tax (VAT), and N39.64 billion from the electronic money transfer levy (EMTL).