In November 2025, Nigeria’s federal account received ₦2.34 trillion, a significant decrease from the amount reported the month before.
According to reports, the Office of the Accountant-General of the Federation provided the data for this.
Inflows decreased by ₦591.22 billion from the ₦2.93 trillion reported in October, according to documents from the Federation Account Allocation Committee meeting in December.
The decline was attributed to lower profits from a number of significant sources of income during that time.
The Nigerian Upstream Petroleum Regulatory Commission deposited ₦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 in the preceding month.
From ₦370.28 billion in October to ₦287.17 billion in November, the Nigeria Customs Service’s receipts fell.
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, had a rise in revenue throughout the month, going from ₦14.72 billion in October to ₦44.92 billion.
The Federal Inland Revenue Service’s revenue from oil-related activities increased to ₦407.57 billion from ₦315.64 billion previously.
In November, the Midstream and Downstream Gas Infrastructure Fund received ₦49.76 billion in gas flare penalties out of the total revenue.
Following these changes, the federation’s net revenue was ₦2.29 trillion, which was N581.56 billion less than the ₦2.87 trillion reported in October.
In November, the federation account’s deductions decreased to ₦365.1 billion from ₦780.45 billion the month before.
The account’s savings dropped to ₦200 billion from ₦300 billion, and the FIRS, Customs, and NUPRC’s revenue collection costs decreased to ₦84.25 billion from ₦115.27 billion.
Additionally, transfers to the North-East Development Commission dropped from ₦20.73 billion to ₦16.21 billion.
At ₦18.16 billion, the refunds for 13% of the 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 from ₦21.47 billion to ₦2.87 billion.
But 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.
Following all deductions, the total sum distributed to the federal, state, and municipal governments was ₦1.92 trillion in November 2025, which was less than the ₦2.09 trillion in October.
