FAAC

FG September Revenue Dips To N420 Billion

Information by the Federation Accounts Allocations Committee, FAAC, shows that the total amount of money shared between the three tiers of government for the month of September stood at N420 billion; a N90.27 billion decline from the N510.27 billion that was distributed in August.

Revenue Distribution Rises By N16.6 Billion In August

Minister of Finance, Kemi Adeosun, has said that a total of N510.2 billion was shared among the federal, states and local governments as revenue realised in August, representing a N16.6 billion increase from that of July which was a total of N493.6 billion.
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Federation Revenue Drops As  FG, States Share N443 Billion Allocation In July

The monthly allocation to the three tiers of government dropped to N443.663 billion in July from N559.032 billion the previous month.

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