FAAC: FG, States, LGs share N675.946bn November allocation


The Federation Accounts Allocation Committee (FAAC) shared a total of N675.946 billion November 2021 federation revenue to the three tiers of government after its virtual conference held yesterday. 

Chaired by the Permanent Secretary, Federal Ministry of Finance, Budget and National Planning, Alh. Aliyu Ahmed, the communiqué issued at the end of the virtual meeting stated that the N675.946 billion total distributable revenue comprised distributable statutory revenue of N488.674 billion; distributable Value Added Tax (VAT) revenue of  N182.678 billion, Exchange Gain of N4.156 billion and Excess Bank Charges Recovered of N0.438 billion.  

In a statement issued by  Henshaw…

Source: Nigerian Tribune