FG, States, Local Governments Share N2.338 Trillion as August Allocations

The Federation Account Allocation Committee (FAAC) has shared a total of N2.338 trillion to the three tiers of government as Federation Account allocation for August. The federal government received N804.897 billion, states received N794.313 billion, and local government councils received N555.142 billion. Additionally, N184.388 billion was shared as Derivation Revenue to oil-producing states, while N125.142 billion was deducted for collection costs and N1.221 trillion was allocated for Transfers, Intervention, and Refunds.

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