FAAC revenue drops by N9.6bn as three tiers of Nigerian govt share N1.1tn in May

The Federation Accounts Allocation Committee revenue dropped by N9.604 billion as Nigerian Federal, state and local governments shared N1.143 trillion in May 2024. The communiqué showed that the N1.143 trillion total distributable revenue comprised distributable statutory revenue of N157.183 billion, distributable Value Added Tax (VAT) revenue of N463.425 billion, Electronic Money Transfer Levy (EMTL) revenue [...]FAAC revenue drops by N9.6bn as three tiers of Nigerian govt share N1.1tn in May

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