The Federation Accounts Allocation Committee (FAAC) has shared N606.196 billion to the three tiers of government for the month of April.
Mr Hassan Dodo, Director of Information in the Ministry of Finance, Budget and National Planning, made this known in a statement in Abuja on Friday.
Dodo said the meeting, held by virtual, was chaired by Dr Mahmoud Isa-Dutse, the Permanent Secretary in the ministry.
He said the amount shared included Value Added Tax (VAT), Exchange Gain, Solid Mineral Revenue, Excess Bank Charges and Excess Oil Revenue.
He explained that the Federal Government received N169.831 billion, the states got N86.140 billion while the local government councils had…
Source: Nigerian Tribune
