A total of N652 billion was shared among the Federal Government, States and Local Governments in July, the Accountant General of the Federation, Mr Ahmed Idris said on Tuesday.
He said this in Abuja, after chairing the monthly meeting of Federal Accounts Allocation Committee (FAAC), adding that the figure comprised of both mineral and non-mineral revenue.
He said that the gross statutory revenue of N570.5 billion received for the month of June was more than the N317.5 billion in the previous month by N253 billion.
Idris said the gross revenue available from Value Added Tax (VAT) was N81.6 billion as against N79.9 billion distributed in May, indicating an increase of N1.6 billion.
He also said the Excess Crude Account (ECA) stood at 2.303 billion dollars while the Petroleum Profit Tax (PPT) was 68 million dollars.
He said non-mineral revenue…
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