FG, States, LGs Share Over N900Bn In November

 




    


By Nkoyo Etim

The Federation Account Allocation Committee (FAAC), at its Meeting shared a total sum of N902.053 billion to the three tiers of government, as Federation Allocation for the month of November 2022.

 From this stated amount, inclusive of Gross Statutory Revenue, Value Added Tax (VAT), Exchange Gain and Electronic Money Transfer Levies (EMTL), the Federal Government received N358.515 billion, the States receeived N270.836 billion, the Local Government Councils got N204.130 billion, while the Oil producing states received N68.572 billion as derivation, (13% of Mineral Revenue).


 The Communiqué issued by the Federation Account Allocation Committee (FAAC), at the end of the meeting, indicated that the Gross Revenue available from the Value Added Tax (VAT) for November 2022, was N202.839 billion which was a decrease distributed in the preceding month. 




 

 

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