Mr Ahmed Idris, Accountant-General of the Federation, said the Federal Government, States and Local Governments shared N558.082billion in October compared to N637.704 shared in the previous month.
Idris made this known at the end of the monthly Federal Accounts Allocation Committee (FAAC) meeting on Tuesday in Abuja.
According to him, the sum is inclusive of Value Added Tax (VAT).
He said that the sum indicated a decrease in the revenue shared by the three-tiers of government of N130.428billion for October.
He said the total amount shared include N423.961 billion from the Statutory Account, which is lower than the N550.992 recieved in the previous month.
He said it also comprised of N83.315 billion from Valued Added Tax (VAT) and another N50.806 billion from Forex Equalisation Account.
A breakdown of the communique read to…
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