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A total sum of ₦1.928 trillion, representing the Federation Account revenue for November 2025, has been shared among the Federal Government, state governments and local government councils. The allocation was made at the December 2025 meeting of the Federation Account Allocation Committee (FAAC) held in Abuja, according to a communiqué issued after the meeting. The total distributable revenue comprised ₦1.403 trillion from statutory revenue, ₦485.838 billion from Value Added Tax (VAT) and ₦39.646 billion from the Electronic Money Transfer Levy (EMTL). The communiqué disclosed that gross revenue of ₦2.343 trillion was available in November 2025. From this amount, ₦84.251 billion was deducted as cost of collection, while ₦330.625 billion went to transfers, interventions, refunds and savings. It stated that gross statutory revenue for the month stood at ₦1.736 trillion, representing a decline of ₦427.969 billion compared to the ₦2.164 trillion recorded in October 2025. Read Also: Kano State Polytechnic Takes Step Toward University-Affiliated PGD Programmes Sule Lamido Worried Over PDP Leadership Crisis, Signals Readiness for Alliances Supreme Court Rules President Can Declare State of Emergency, Suspend Elected Officials Similarly, VAT revenue fell to ₦563.042 billion in November from ₦719.827 billion in October, indicating a decrease of ₦156.785 billion. From the total distributable sum of ₦1.928 trillion, the Federal Government received ₦747.159 billion, state governments got ₦601.731 billion, while local government councils received ₦445.266 billion. An additional ₦134.355 billion, representing 13 per cent derivation revenue, was shared among the benefiting states. A breakdown of the ₦1.403 trillion distributable statutory revenue showed that the Federal Government received ₦668.336 billion, states received ₦338.989 billion and local governments got ₦261.346 billion, while ₦134.355 billion was shared as derivation revenue. From the ₦485.838 billion VAT pool, the Federal Government received ₦72.876 billion, states ₦242.919 billion and local governments ₦170.043 billion. In addition, ₦39.646 billion realised from the Electronic Money Transfer Levy was shared, with the Federal Government receiving ₦5.947 billion, state governments ₦19.823 billion and local government councils ₦13.876 billion. The communiqué noted that while Excise Duty recorded a moderate increase in November 2025, several other revenue streams, including Petroleum Profit Tax, Hydrocarbon Tax, Companies Income Tax, Oil and Gas royalties, Import Duty, CET levies, VAT, EMTL and fees, experienced significant declines.

Nigeria’s inflation rate eased to 14.45% in November 2025, down from 16.05% in October, according to the National Bureau of Statistics (NBS). This marks a 1.6 percentage point decline, indicating a slowdown in year-on-year price increases. On a year-on-year basis, headline inflation was 20.15 percentage points lower than the 34.60% recorded in November 2024. However, on a month-on-month basis, inflationary pressures firmed up, with the headline inflation rate rising to 1.22% in November 2025, up from 0.93% in October. Read Also: Tinubu’s ADC Elevated to Brigadier-General Amid Criticism Supreme Court Rules President Can Declare State of Emergency, Suspend Elected Officials Kano Establishes Task Force to Curb Crime at Strategic Locations Urban inflation stood at 13.61%, while rural inflation was higher at 15.15%. The 12-month average inflation rate was 20.41%, down from 32.77% in November 2024. The easing headline rate signals improving price stability, with underlying cost pressures persisting in some segments of the economy.