Nigeria’s federation account recorded a total inflow of ₦2.34 trillion in November 2025, reflecting a decline compared to the previous month.

Gossip News Now reports that the figures were obtained from the Office of the Accountant-General of the Federation.

Data from the Federation Account Allocation Committee (FAAC) meeting held in December revealed that revenue inflows dropped by ₦591.22 billion from the ₦2.93 trillion recorded in October.

The decline was attributed to weaker contributions from several key revenue-generating agencies during the period.

Remittances from the Nigerian Upstream Petroleum Regulatory Commission fell to ₦660.04 billion in November, down from ₦873.1 billion in October.

Similarly, non-oil revenue collected by the Federal Inland Revenue Service declined sharply to ₦337.22 billion, compared to ₦591.15 billion in the previous month.

Revenue from the Nigeria Customs Service also decreased to ₦287.17 billion in November from ₦370.28 billion recorded in October.

Value-added tax collections dropped to ₦563.04 billion from ₦719.82 billion, while earnings from the electronic money transfer levy fell to ₦43.4 billion from ₦49.86 billion.

In contrast, revenue from the Nigerian National Petroleum Company Limited increased, rising to ₦44.92 billion in November from ₦14.72 billion in October.

Oil-related revenue collected by the Federal Inland Revenue Service also improved, growing to ₦407.57 billion from ₦315.64 billion.

Of the total inflows, ₦49.76 billion was paid into the Midstream and Downstream Gas Infrastructure Fund as gas flare penalties in November.

After these deductions, net revenue available to the federation stood at ₦2.29 trillion, down from ₦2.87 trillion in October, representing a decrease of ₦581.56 billion.

Total deductions from the federation account were lower in November, easing to ₦365.1 billion from ₦780.45 billion in the previous month.

Savings from the account declined to ₦200 billion from ₦300 billion, while the cost of revenue collection by agencies such as the FIRS, Customs Service, and NUPRC reduced to ₦84.25 billion from ₦115.27 billion.

Transfers to the North-East Development Commission also dropped to ₦16.21 billion from ₦20.73 billion.

Refunds related to the 13 per cent derivation for subsidy, priority projects, and the Police Trust Fund remained unchanged at ₦18.16 billion.

However, deductions linked to the 13 per cent derivation for NNPC management fees and frontier exploration funding fell sharply to ₦2.87 billion from ₦21.47 billion.

Meanwhile, the share of non-oil revenue allocated to the Revenue Mobilisation Allocation and Fiscal Commission increased to ₦6.15 billion from ₦4.8 billion, alongside a separate deduction of ₦37.45 billion for outstanding arrears.

After all deductions, the total amount shared among the federal, state, and local governments in November 2025 stood at ₦1.92 trillion, down from ₦2.09 trillion distributed in October.