Equalisation Account News Today

This collection brings together the Consolidated Fund, the National Loans Fund, the Contingencies Fund and the Exchange Equalisation Account.

The total revenue distributable for the month was augmented with the sum of N6.9bn and N3.4bn drawn from the forex Equalisation Account and Exchange Gain Difference, respectively. The communiqué, issued by the Federation Account Allocation Committee (FAAC) at the end of the meeting, showed that the Gross Revenue available from Value Added Tax (VAT) for December 2020 was N171.4bn as against N158.7bn distributed in November 2020, resulting in an increase of N14.5bn. The distribution was as follo...