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The Federation Account Allocation Committee (FAAC), has shared the sum of N1.1 trillion to the Federal Government, states and Local Government Councils

The Federation Account Allocation Committee has shared the sum of N1.1 trillion to the Federal Government, 36 States and Local Government Councils for August.

Federation Account Allocation Committee (FAAC) has shared the sum of N1.1 trillion to the Federal Government, states and Local Government Councils (LGCs) for August.

The 20 local government councils in Ogun State are said to have shared the sum of N5,233,379,834.30 in the month of August. The Ogun State Joint Account

The figure represents a marginal increase of N59.06bn compared to the N907.05bn shared for June 2023, and it is the highest this year.

The Federation Account Allocation Committee (FAAC), at its meeting chaired by the Minister of Finance and the Co-ordinating Minister of the Economy, Mr Wale Edun, in Abuja on Tuesday, shared a total sum of N966.110 billion to the three tiers of government as Federation Allocation for July 2023 out of total gross revenue of N1, 746.491 trillion.

The Federation Account Allocation Committee, FAAC, has shared the sum of N966.110 billion July Federation Account Revenue to the Federal Government,

The balance in Nigeria’s Excess Crude Account (ECA) as of August 22, 2023, was $473,754.57.

Nigeria received a Gross statutory revenue of N1.150 trillion in July, according to the Federation Account Allocation Committee, FAAC. FAAC disclosed this

The Federal Government, State and Local Government Councils reportedly received the sum of N966.110 billion to share among them for the month of July