Nigeria's FAAC distributed N1.727 trillion in November revenue among federal, state, and local governments.

Nigeria's Federation Accounts Allocation Committee (FAAC) distributed N1.727 trillion in revenue for November 2024 among the federal, state, and local governments. The total gross revenue was N3.143 trillion, with significant increases in oil and gas royalties and CET levies, but declines in VAT, excise duties, and other taxes. The federal government received N581.856 billion, states received N549.792 billion, and local governments received N402.553 billion.

3 months ago
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