By Racheal Ishaya
The Accountant-General of the Federation (AGF), Mr Ahmed Idris, on Tuesday said N617.56 billion revenue generated in March was shared from the federation account to the three tiers of government.
The amount showed a decrease of about N2.29 billion from what was shared in February.
Idris said this at a news conference at the end of the monthly Federation Accounts Allocation Committee (FAAC) meeting in Abuja.
Giving a breakdown of the revenue accrued in March, Idris said that the mineral revenue reduced by N41.65 billion, moving from N350.09 billion in February to N308.4 billion in March.
He however, said that the non-mineral revenue Increased by N13.88 billion, from N124.3 billion in February to N138.2 billion in March.
He said that in March, the federation crude oil sales increased by 49.18 per cent, resulting in increased federation revenue of about 240.23 million…
Source: News Agency of Nigeria
