FAAC shared N902bn among FG, States and LGs in November 2022

The Federation Account Allocation Committee (FAAC) in the month of November 2022 shared N902 billion among the three tiers of government: Federal, States and Local Governments. The money which was shared in December, 2022 comprised of distributable statutory revenue of N681.079 billion, distributable Value Added Tax (VAT) revenue of N202.839 billion, Exchange Gain revenue of N7.164 billion[…]