FG, states, LGs share N906.96bn FAAC allocation
The Federation Account Allocation Committee said it shared N906.96bn among the three tiers of government for October 2023.
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The Federation Account Allocation Committee said it shared N906.96bn among the three tiers of government for October 2023.
The total amount includes gross statutory revenue, Value Added Tax, Augmentations from Forex and Non-oil Mineral Revenue, and electronic money transfer levy, among others.
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, at its meeting, shared a total sum of N750.174 billion to the three tiers of government as Federation