November FAAC Allocation Sees Drop Despite N2.34 Trillion Remitted by Agencies

In November 2025, Nigeria’s federation account got ₦2.34 trillion, a significant decrease from the previous month’s sum.

According to a report, this is based on data from the Federation’s Office of the Accountant-General.

Inflows decreased by ₦591.22 billion from ₦2.93 trillion reported in October, according to records from the Federation Account Allocation Committee meeting in December.

The decline was attributed to lower profits from a number of significant revenue streams at that time.

The Nigerian Upstream Petroleum Regulatory Commission paid ₦660.04 billion to the federation account in November, compared to ₦873.1 billion in October.

Additionally, the Federal Inland Revenue Service sent in less non-oil revenue; collections dropped from ₦591.15 billion to ₦337.22 billion in the preceding month.

Nigeria Customs Service receipts decreased from ₦370.28 billion in October to ₦287.17 billion in November.

Proceeds from the electronic money transfer levy decreased to ₦43.4 billion from ₦49.86 billion, while value-added tax revenue decreased to ₦563.04 billion from ₦719.82 billion.

The Nigerian National Petroleum Company Limited, on the other hand, had an increase in revenue during the month, going from ₦14.72 billion in October to ₦44.92 billion.

Additionally, the Federal Inland Revenue Service’s oil-related revenue increased from ₦315.64 billion to ₦407.57 billion.

In November, gas flare penalties totaling ₦49.76 billion were sent to the Midstream and Downstream Gas Infrastructure Fund.

Following these modifications, the federation’s net revenue was ₦2.29 trillion, which was N581.56 billion less than the ₦2.87 trillion reported in October.

In November, the federation account deductions decreased to ₦365.1 billion from ₦780.45 billion in the preceding month.

The account’s savings decreased from ₦300 billion to ₦200 billion, and the FIRS, Customs, and NUPRC’s revenue collection costs dropped from ₦115.27 billion to ₦84.25 billion.

Additionally, transfers to the North-East Development Commission fell from ₦20.73 billion to ₦16.21 billion.

The amount of ₦18.16 billion that was refunded for the 13% derivation associated with priority projects, subsidies, and the police trust fund did not change.

The deductions associated with 13% derivation for funding for frontier exploration and NNPC management fees fell precipitously to ₦2.87 billion from ₦21.47 billion.

In addition to a separate deduction of ₦37.45 billion for unpaid arrears, the portion of non-oil revenue allotted to the Revenue Mobilization Allocation and Fiscal Commission increased to ₦6.15 billion from ₦4.8 billion.

In November 2025, the amount distributed to the federal, state, and municipal governments was ₦1.92 trillion after all deductions, which was less than the ₦2.09 trillion in October.