Nigeria’s federation account recorded total inflows of ₦2.34 trillion in November 2025, reflecting a significant decline from the ₦2.93 trillion generated in October. The drop highlights ongoing volatility in government revenue, driven largely by weaker collections from key non-oil and oil-related sources.
According to figures released by the Office of the Accountant-General of the Federation and reviewed at the Federation Account Allocation Committee (FAAC) meeting held in December, revenue inflows fell by ₦591.22 billion month-on-month. The shortfall was attributed to reduced earnings across several major revenue-generating agencies.
Contributions from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) declined notably, with deposits into the federation account falling to ₦660.04 billion in November, down from ₦873.1 billion in October. Similarly, the Federal Inland Revenue Service (FIRS) recorded a sharp drop in non-oil revenue, remitting ₦337.22 billion compared to ₦591.15 billion in the previous month.
Revenue collected by the Nigeria Customs Service also weakened, decreasing to ₦287.17 billion from ₦370.28 billion in October. Value-added tax (VAT) receipts followed the same trend, falling to ₦563.04 billion from ₦719.82 billion. In addition, proceeds from the electronic money transfer levy dropped to ₦43.4 billion, down from ₦49.86 billion.
Despite the overall decline, some revenue streams showed improvement. Earnings from the Nigerian National Petroleum Company Limited (NNPCL) rose to ₦44.92 billion in November, a substantial increase from ₦14.72 billion recorded in October. Oil-related revenue collected by the FIRS also improved, climbing to ₦407.57 billion from ₦315.64 billion.
During the month, ₦49.76 billion was paid into the Midstream and Downstream Gas Infrastructure Fund as gas flare penalties. After accounting for this and other adjustments, net revenue available to the federation stood at ₦2.29 trillion, compared to ₦2.87 trillion in October—representing a decline of ₦581.56 billion.
On the expenditure side, total deductions from the federation account eased significantly in November, dropping to ₦365.1 billion from ₦780.45 billion in the previous month. Savings allocations were reduced to ₦200 billion from ₦300 billion, while the cost of revenue collection by agencies such as the FIRS, Customs, and NUPRC fell to ₦84.25 billion from ₦115.27 billion.
Transfers to the North-East Development Commission declined to ₦16.21 billion from ₦20.73 billion. Refunds tied to the 13 per cent derivation for subsidy-related claims, priority projects, and the police trust fund remained unchanged at ₦18.16 billion. However, deductions linked to 13 per cent derivation for NNPC management fees and frontier exploration funding dropped sharply to ₦2.87 billion from ₦21.47 billion.
Meanwhile, the portion of non-oil revenue allocated to the Revenue Mobilisation Allocation and Fiscal Commission increased to ₦6.15 billion from ₦4.8 billion, alongside an additional ₦37.45 billion deducted to settle outstanding arrears.
After all statutory deductions and adjustments, the total amount distributed to the federal, state, and local governments in November 2025 stood at ₦1.92 trillion. This figure was lower than the ₦2.09 trillion shared in October, underscoring the fiscal pressures facing all tiers of government amid fluctuating revenue performance.
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