Federal, states and local governments on Thursday shared a total of N648.710 billion for the month of September 2018.
Gross statutory revenue for the month was N569.281 billion, which was lower than the N627.139 billion shared in August by N57.858 billion.
Minister of Finance, Mrs Zainab Shamsuna Ahmed, who presided over the monthly Federation Account Allocation Committee (FAAC) meeting welcomed members and stressed on the need for the three tiers of government to save.
She tasked members of the committee on the need to maintain transparency and instil a saving culture for the rainy day.
“We have to save. We are not only saving for today but for tomorrow”, the Minister said.
In a communique signed by Accountant-General of the Federation, Ahmed Idris, the distributable statutory revenue for the month at N569.281 billion and the total revenue distributable for the month at…
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