In November 2025, Nigeria’s federal account received ₦2.34 trillion, a significant decrease from the amount recorded in the preceding month.
This is based on data from the Office of the Accountant-General of the Federation, according to reports.
According to documents from the Federation Account Allocation Committee meeting in December, inflows decreased by ₦591.22 billion from the ₦2.93 trillion reported in October.
Weaker earnings from a number of significant revenue streams during that time were linked to the decline.
In November, the Nigerian Upstream Petroleum Regulatory Commission paid ₦660.04 billion into the federation account, compared to ₦873.1 billion in October.
Additionally, the Federal Inland Revenue Service collected ₦337.22 billion in non-oil revenue, down from ₦591.15 billion in the prior month.
The Nigeria Customs Service received ₦287.17 billion in November as opposed to ₦370.28 billion in October.
Revenue from the electronic money transfer levy decreased to ₦43.4 billion from ₦49.86 billion, while value-added tax revenue decreased to ₦563.04 billion from ₦719.82 billion.
The Nigerian National Petroleum Company Limited, on the other hand, had an increase in revenue for the month, reaching ₦44.92 billion from ₦14.72 billion in October.
The Federal Inland Revenue Service collected ₦407.57 billion in oil-related revenue, up from ₦315.64 billion previously.
In November, ₦49.76 billion of the entire revenue was transferred as gas flare penalties to the Midstream and Downstream Gas Infrastructure Fund.
Following these changes, the federation’s net revenue was ₦2.29 trillion, a decrease of N581.56 billion from the ₦2.87 trillion reported in October.
November saw a decrease in the federation account’s deductions, which went from ₦780.45 billion to ₦365.1 billion.
The account’s savings decreased 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, the North-East Development Commission received ₦16.21 billion instead of ₦20.73 billion in transfers.
Refunds of ₦18.16 billion for the police trust fund, priority projects, and 13% derivation remained unaltered.
From ₦21.47 billion to ₦2.87 billion, deductions associated with 13% derivation for NNPC management fees and support for frontier exploration fell precipitously.
Nevertheless, the portion of non-oil earnings allotted to the Fiscal Commission and earnings Mobilization Allocation increased from ₦4.8 billion to ₦6.15 billion, with an additional deduction of ₦37.45 billion for unpaid arrears.
The sum distributed to the federal, state, and local governments in November 2025 was ₦1.92 trillion after all deductions, which was less than the ₦2.09 trillion allotted in October.
