The Federation Account Allocation Committee (FAAC) distributed N609.95 billion to Federal, States and Local Governments as revenue generated in November.
This is N77.25 billion more than what it shared in October, Ahmed Idris, the Accountant-General of the Federation said.
He said that after the deductions by the Federal Inland Revenue Service (FIRS), Customs and Department of Petroleum Resources (DPR), the Federal Government received N248.2 billion, representing 52.68 per cent; the states got N125.9 billion, representing 26.72 per cent and the 774 local councils received N97.06 billion, amounting to 20.60 per cent.
According to Idris, oil producing states got N54.48 billion, which represents the derivation share of 13 per cent.
He said that the country generated N356.07 billion as mineral revenue and N193.46 billion as non-mineral revenue in November, both showing improvements over the earnings in October.
Mineral revenue increased by N38.78 billion, while non-oil mineral revenue also jumped by N68.65 billion.
Idris said that oil revenue continues to be negatively impacted by low production due to poor maintenance, sabotage and the Force Majeure declared at Bonny Terminal.
He said that the balance in the Excess Crude Account (ECA) as at December 15 remained $2.317 billion. He also put the balance in the Excess Petroleum Profit Tax account, at $133 million.
Idris said the Federation Account has received instruction from the National Economic Council that $1billion be removed from ECA to fight Boko Haram.