In November 2025, Nigeria’s federal account received ₦2.34 trillion, a significant decrease from the previous month’s total.
According to reports, this is based on data from the Federation’s Office of the Accountant-General.
Inflows decreased by ₦591.22 billion from the ₦2.93 trillion reported in October, according to records from the Federation Account Allocation Committee meeting in December.
Weaker earnings from a number of significant revenue streams during that time were connected to the decline.
The Nigerian Upstream Petroleum Regulatory Commission paid ₦660.04 billion into the federation account in November, compared to ₦873.1 billion in October.
Additionally, less non-oil revenue was sent by the Federal Inland Revenue Service; collections dropped to ₦337.22 billion from ₦591.15 billion the month before.
The Nigeria Customs Service’s receipts decreased from ₦370.28 billion in October to ₦287.17 billion in November.
The revenues from the electronic money transfer levy decreased to ₦43.4 billion from ₦49.86 billion, while value-added tax collection decreased to ₦563.04 billion from ₦719.82 billion.
The Nigerian National Petroleum Company Limited, on the other hand, saw a rise in revenue throughout the month, going from ₦14.72 billion in October to ₦44.92 billion.
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 deposited into the Midstream and Downstream Gas Infrastructure Fund.
Following these modifications, the federation’s net revenue was ₦2.29 trillion, a decrease of N581.56 billion from the ₦2.87 trillion reported in October.
The federation account’s deductions decreased in November, from ₦780.45 billion to ₦365.1 billion.
The account’s savings dropped from ₦300 billion to ₦200 billion, and the FIRS, Customs, and NUPRC’s revenue collection expenses decreased from ₦115.27 billion to ₦84.25 billion.
Additionally, transfers to the North-East Development Commission decreased from ₦20.73 billion to ₦16.21 billion.
The amount of ₦18.16 billion in refunds for the 13% derivation associated with priority projects, subsidies, and the police trust fund did not change.
The deductions associated with the 13% derivation for funding for frontier exploration and NNPC management fees fell precipitously to ₦2.87 billion from ₦21.47 billion.
However, 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 from ₦4.8 billion to ₦6.15 billion.
The amount distributed to the federal, state, and municipal governments in November 2025 was ₦1.92 trillion after all deductions, which was less than the ₦2.09 trillion in October.
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