SAT NOV 22 2025-theGBJournal| Federation Accounts Allocation Committee (FAAC) disbursements to the three tiers of government in November (reflecting revenue generated in October) declined marginally by 0.4% m/m to N2.09 trillion (October: N2.10 trillion).
The slight moderation reflects lower receipts from Value Added Tax (VAT) and the Electronic Money Transfer Levy (EMTL), despite higher inflows from Petroleum Profit Tax (PPT)/Hydrocarbon Tax (HT), Company Income Tax (CIT) on upstream activities, CIT/Capital Gains Tax (CGT), Stamp Duties Tax (SDT), oil and gas royalties, import duty, excise duty, and CET levies.
Analysts at Cordros Research estimates that the disbursed amount is 71.4% of the total gross revenue (N2.93 trillion) generated in the previous month, with the remaining balance allocated to transfers, interventions, and refunds (N724.60 trillion), as well as the cost of collection (N115.28 billion).
Based on the stipulated sharing revenue formula, the FGN received N758.41 billion (October: N711.31 billion), State Governments received N689.12 billion (October: N727.17 billion), Local Governments received N505.80 billion (October: N529.95 billion), while oil-producing states received an additional N141.40 billion (October: N134.96 billion) as derivation (13% of mineral revenue).
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
