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.
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.
