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FAAC shares N1.969tn as December revenue to FG, states, LGCs in Nigeria
The Federation Account Allocation Committee, FAAC, shared a total sum of N1.969 trillion as the December 2025 Federation Account Revenue with the Federal Government, states, and the local government councils in Nigeria.
In a statement by the Director of Press at Office of the Accountant General of the Federation, Bawa Mokwa, the revenue was shared at the January 2026 Federation Account Allocation Committee (FAAC) meeting held in Abuja.
The N1.969 trillion total distributable revenue comprised distributable statutory revenue of N1.084 trillion, distributable Value Added Tax (VAT) revenue of N846.507 billion, and Electronic Money Transfer Levy (EMTL) revenue of N38.110 billion.
The distributable amount rose when compared with the N1.928 trillion shared in November 2025.
FAAC indicated that total gross revenue of N2.585 trillion was available in the month of December 2025. Total deduction for cost of collection was N104.697 billion, while total transfers, refunds, and savings were N511.585 billion.
According to the communiqué, gross statutory revenue of N1.631 trillion was received for the month of December 2025.
This was lower than the sum of N1.736 trillion received in the month of November 2025 by N105.202 billion.
Gross revenue of N913.957 billion was available from the Value Added Tax (VAT) in December 2025. This was higher than the N563.042 billion available in the month of November 2025 by N350.915 billion.
The communiqué stated that from the N1.969 trillion total distributable revenue, the Federal Government received a total sum of N653.500 billion and the State Governments received a total sum of N706.469 billion.
The local government council received N513.272 billion, while the sum of N96.083 billion (13% of mineral revenue) was shared with the benefiting state as derivation revenue.
On the N1.084 trillion distributable statutory revenue, the communiqué stated that the Federal Government received N520.807 billion and the State Governments received N264.160 billion.
The Local Government Councils received N203.656 billion, and the sum of N96.083 billion (13% of mineral revenue) was shared with the benefiting states as derivation revenue.
From the N846.507 billion distributable Value Added Tax (VAT) revenue, the Federal Government received N126.976 billion, the State Governments received N423.254 billion, and the Local Government Councils received N296.277 billion.
A total sum of N5.717 billion was received by the Federal Government from the N38.110 billion Electronic Money Transfer Levy (EMTL), the State Governments received N19.055 billion, and the Local Government Councils received N13.338 billion.
In December 2025, Companies Income Tax (CIT)/CGT and STD, Import Duty, and Value Added Tax (VAT) increased significantly, while Oil and Gas Royalty, CET Levies, and Fees increased marginally. Excise Duty, Petroleum Profit Tax (PPT)/Hydrocarbon Tax (HT), and Electronic Money Transfer Levy (EMTL) recorded considerable decreases.
Real Madrid manager Alvaro Arbeloa has called for focus, precision and a complete 90-minute performance as his side look to settle a score with Benfica in Tuesday’s Champions League playoff first leg.
Fresh from a commanding 4-1 LaLiga win over a Real Sociedad side who had been unbeaten in 11 matches, Real arrive in Lisbon on a three-game winning run under Arbeloa. The Spaniard had been in charge for only two weeks when Madrid were stunned 4-2 by Benfica in last month’s league phase.
That defeat proved costly. With Benfica leading 3-2 but heading out, goalkeeper Anatoliy Trubin ventured forward for a free kick and headed in a 98th-minute goal, sending Jose Mourinho’s side through to the playoff round on goal difference with the result denying Real automatic passage to the last 16.
Arbeloa is under no illusions about the task ahead.
“To win, we will have to play very well, and to do that, we will have to do many things right. We will have to defend well and attack well. We will have to stay focused on set pieces. And we will have to play a very complete game for 90 minutes,” he told a press conference on Monday.
The former Real defender credited his players for their swift upturn in form since he replaced Xabi Alonso.
“Since I arrived, I have seen a very positive attitude from all the players, and that has been key. In football, it’s much easier to be a manager than a player, because it’s easier to say what needs to be done than to do it.
“So much of the credit must go to the players. To their effort and hard work. The good results come thanks to the players we have, who prepare for every match as if it were a final. And with that mentality, that high standard, good results are coming. But we are confident that we can go even further.”
Arbeloa also expects a familiar edge from a Benfica side led by his former mentor and ex-Real Madrid manager Mourinho.
“One thing is clear: their spirit will be very similar to three weeks ago. They have a leader (in Mourinho) who sets the tone, the way they play and compete,” Arbeloa said.
Alexander-Arnold has endured an injury laden first season at Real Madrid, managing just six La Liga starts for his new team under managers Xabi Alonso and Alvaro Arbeloa.
Liverpool’s Conor Bradley and Frimpong have stepped in for the England defender who may be regretting leaving Merseyside for a club who handed him his first start in more than two months on Saturday afternoon.
Despite replacing the 27 year old, Meulensteen has spoken to BetGoat about how Frimpong in particular could never fill Alexander-Arnold’s boots.
“I like Jeremie Frimpong because he’s a beacon of energy, but you can’t compare him with Trent because Trent was like David Beckham playing at right-back.
“His exquisite quality is his range of passing. And Frimpong is more of a dynamic player that can play as a wingback. He can go forward, he can defend, he can go forward, he can be the man, he can get around him, can put a cross in.
“He’s much more agile and quick than Trent, but completely different in what he gives the team. That’s why it’s just the same position, but you’re just putting a player there with completely different qualities.
“But he is a very top-top professional, hard-working kid. He’ll never let you down. He will always give us 100%. When Liverpool brought him in, I thought it was a good signing because of the versatility that he brings.”
Alexander-Arnold will have his sights on securing a spot in England’s World Cup squad this summer whilst Frimpong’s place in the Netherlands side is locked in if he can climb back to fitness over the next few months.
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“I’m still coming to terms with the cruel fact” – Actress Dakore Akande shares photos from father’s burial
It was reported on February 6th that her younger brother, Timini, had shared photos from his low-key burial ceremony, which was attended only by family. He revealed that they said their final goodbyes as he bade his father farewell.
Now, sharing photos on her Instagram page, Dakore said she is still coming to terms with the cruel fact that she won’t see her dad for a while.
Dakore said she is, however, comforted by the fact that they will meet eventually at God’s appointed time. She added that she and her siblings wore white and blue to honour him, as they were his favourite colours.
She also revealed that she made a playlist of some of his favourite songs, which they danced to at the reception in his honour.
“When we laid Dad to rest…..
It’s been a difficult task to post these photos, os but here we are.
I’m still coming to terms with the cruel fact that I won’t see my Dad for a while.
But I’m comforted by the fact that we will all meet eventually at God’s appointed time.
We wore white and blue to honor Dad, as that was his signature, I sang the opening and his favorite hymn, we had 2 services on the same day- one in Austin, TX where he lived for many years and in Lagos, Nigeria, where he made his name and lived for many years also.
I made a playlist of some of his favorite songs which we danced to at the reception in his honor.
I’m so glad that so many people came to support our family and I thank you all my lovely dakorians, or all your prayers and heartfelt lovex”.
Earlier this year, actor, Timini, had announced the passing of his father. He said he never thought he would start the year by saying RIP to his dad, and promised to continue to make him proud.
His sister, Dakore Akande, expressed how heartbroken she is, yet glad that he was free from pain. She expressed gratitude for the memories and laughter, the legacy of excellence that he instilled in them, and his love for music and looking stylish.
Also, losing a parent earlier this year was famous comedian, Alibaba, who lost his mother. Alibaba’s wife, Mary Akpobome, had paid an emotional tribute to her, recounting her last visit, which she described as the most treasured.
Two weeks ago, BBNaija Liquorose had mourned the death of her father. Sharing a photo of her late father, she expressed how much she misses him, and affirmed her love for him.
Days before the New Year, actress Lizzy Gold had lost her father. The Asaba actress said what she feared, lamenting that this wasn’t their plan, as he was supposed to cross over into the new year.
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