By Racheal Ishaya
The Federal Government, States and Local Governments have shared N812.76 billion as revenue for November, boosted by taxes paid by private companies.
The Permanent Secretary, Ministry of Finance, Mr Mahmoud Isa-Dutse said this on Wednesday in Abuja, while briefing newsmen on the outcome of the Federal Account Allocation Committee (FAAC) meeting.
Giving a breakdown of the revenue which accrued in November, Isa-Dutse said that the Mineral revenue reduced by N100.8 billion, from N522.6 billion recorded in October to N421.8 billion in November.
Also, the Non-Mineral Revenue increased by N68.2 billion, from N159.4 billion in October, to N227.7 billion in November
He said also that the Value Added Tax (VAT) collected for the month reduced from N100.9 billion in October to N88.3 billion in November.
“The gross statutory revenue of N649.6 billion received for the month…
Source: News Agency of Nigeria
