FAAC allocated ₦1.298 trillion in September 2024 revenue to Nigeria's Federal Government, states, and local councils.
The Federation Accounts Allocation Committee (FAAC) allocated ₦1.298 trillion in September 2024 revenue to Nigeria's Federal Government, states, and local councils. The distribution included ₦124.716 billion in statutory revenue, ₦543.518 billion from VAT, ₦18.445 billion from the Electronic Money Transfer Levy, and ₦462.191 billion in Exchange Difference revenue. Federal Government received ₦424.867 billion, states ₦453.724 billion, and local councils ₦329.864 billion.
October 17, 2024
15 Articles