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20 December 2019

FAAC shares N635.826b for November

The Federation Accounts Allocation Committee, (FAAC), has shared a total of N635.826b to the three tiers of government for the month of November twenty-nineteen.

This was announced at the FAAC meeting chaired by the Permanent Secretary, Federal Ministry of Finance, Budget and National Planning, Mahmoud Isa-Dutse.

The six hundred and thirty-five point eight two six billion naira was the total of revenues from the Statutory Revenue, Value Added Tax, (VAT), Exchange Gain and Forex Equalization.

A communique issued by FAAC, indicated that from the total revenue of six hundred and thirty-five point eight two six billion naira, the Federal Government received two hundred and sixty-seven point eight eight three billion naira, the States received one hundred and seventy-two point five six nine billion naira, and the Local Government Councils received one hundred and twenty -nine point nine seven two billion naira.

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