The total distributable revenue of N1,152.756 trillion was drawn from Statutory Revenue of N101.349 billion, Value Added Tax (VAT) of N428.806 billion, N15.157 billion from Electronic Money Transfer Levy (EMTL), and N607.444 billion from Exchange Difference.
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He said a breakdown of the revenue receipts showed that the federal government received N3.99 trillion, representing 39.37 per cent of the total allocation.
The Federation Account Allocation Committee (FAAC) has shared ₦1.127 trillion revenue among the federal government, states and local government councils (LGCs) for the month of December 2023.
The Federation Account Allocation Committee, FAAC, said it shared ₦1.783 trillion from November 2023 revenue accrued to the federation account among the country’s federal, state, and local governments.
The Federation Account Allocation Committee (FAAC) has shared ₦1,088.783 trillion to the federal, states and local government councils as statutory allocation for the month of November.
The Federation Account Allocation Committee (FAAC), on Wednesday, shared the sum of N906.955 billion among the three tiers of government as federation allocation for the month of October.
The Nigerian National Petroleum Company Limited (NNPCL), says it is collaborating with the Nigeria Extractive Industries Transparency Initiative (NEITI) and other stakeholders to reconcile alleged indebtedness by the company and Federation Accounts Allocation Committee (FAAC).
The Federation Account Allocation Committee (FAAC) has shared a total of N903.480 billion September 2023 Federation Account Revenue to the Federal Government, states and Local Government Councils (LGCs).
The Federal Account Allocation Committee (FAAC) shared a total of N4.37 trillion to the Federal, States and Local Government Councils (LGs), from the Federation Account as statutory revenue allocations between January and June 2023, the latest report by the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed.
The eight-year administration of ex-President Muhammadu Buhari, was amongst others, characterized by indulgence and generosity to state governors in form of bailouts to their states.