FAAC distributes N736.78bn to FG, States and LGs

The Federation Account Allocation Committee (FAAC) has disbursed N736.782 billion from October 2022 Federation Account Revenue to the Federal Government, States and Local Government Councils.

According to the communiqué at the end of the Federation Account Allocation Committee (FAAC) meeting for November 2022, the N736.782 billion total distributable revenue was made up of N417.724 billion distributable statutory revenue; N213.283 billion Value Added Tax (VAT) revenue; N5.775 billion Exchange Gain revenue.

The communiqué confirmed that from the total distributable revenue of N736.782 billion; the Federal Government received N293.955 billion, the State Governments received N239.512 billion and the Local Government Councils received N177.086 billion.

Source: FAAC distributes N736.78bn to FG, States and LGs – StocksWatch (stocksng.com)

Related Posts

21

Oct
Business & Economy

African Stockbrokers and Securities Dealers (ASSDA), AELP to host capacity building for members in November 26

Join Us for the AELP Capacity Building & African Stockbrokers and Securities Dealers (ASSDA) Forum ASEA Annual Conference Day 1, 26th November 2025 The African Exchanges Linkage Project (AELP) and the African Stockbrokers and Securities Dealers Association (ASSDA) has invited its members to the second annual Capacity Building & Stockbrokers Forum, following the successful inaugural event in […]