Despite a drop in the gross statutory revenue collected in December to N1.631 trillion, N105.2 billion short of N1.736 trillion earned in November, the country spent an additional N20.45 billion on collection costs.

The cost of collection rose by 24 per cent month-on-month, moving from N84.25 billion to N104.697 billion.

The information is contained in a communiqué issued by the Federation Accounts Allocation Committee (FAAC) on Monday to announce the sharing of N1.969 trillion as December 2025 revenue.

State commissioners of finance had rejected the amount, protesting the sharp drop compared to the previous months’ disbursements.

The disbursement was executed after an agreement was reached with the protesting states’ commissioners of finance, who had argued that the amount declared for sharing was below their expectations.

The meeting was adjourned until yesterday to create time for further negotiations.

On Monday, FAAC shared the sum of N1.969 trillion as the December 2025 federation revenue to the Federal Government, states and local government councils.

The December 2025 revenue ought to have been distributed in January, but the process was stalled by protests raised by state commissioners of finance.

The statement signed by the Director, Press and Public Relations, Office of the Accountant General of the Federation (OAGF), Bawa Mokwa, on Monday, said 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 N38.11 billion.

According to the statement, FAAC indicated that the total gross revenue of N2.585 trillion was available in 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.

This amount was lower than the N1.736 trillion received in November 2025 by N105.202 billion.

Gross revenue of N913.957 billion was available from the VAT in December 2025. This was higher than the N563.042 billion available in November 2025 by N350.915 billion.

The communiqué stated that from the N1.969 trillion total distributable revenue, the Federal Government was handed N653.5 billion, while state governments received N706.469 billion.

The local government councils received N513.272 billion, while N96.083 billion (13 per cent of mineral revenue) was shared with the benefiting states as derivation revenue.

From the N1.084 trillion distributable statutory revenue, the communiqué stated that the Federal Government received N520.807 billion, just as state governments received N264.16 billion.

Councils received N203.656 billion, while N96.083 billion (13 per cent of mineral revenue) was shared with the benefiting states as derivation revenue.

Out of N846.507 billion distributable VAT revenue, the Federal Government received N126.976 billion; state governments received N423.254 billion, while councils received N296.277 billion.

A total of N5.72 billion was received by the Federal Government from the N38.11 billion EMTL. The state governments received N19.055 billion, and the local governments received N13.338 billion.