FG, states, LGs shared N635.8bn in November – FAAC

(Last Updated On: December 18, 2019)

FG, states, LGs shared N635.8bn in November – FAAC

The Permanent Secretary, Ministry of Finance, Budget and National Planning, Alhaji Isa Dutse, said on Wednesday that the Federal, States and Local Government Councils shared the sum of N635.8 billion in November.

Dutse disclosed this while addressing journalists after the Federation Account Allocation Committee (FAAC) meeting in Abuja.

He said the amount shared included Value Added Tax (VAT), exchange gain and Forex Equalisation.

According to him, the gross statutory revenue generated for the month was N491.8 billion, which was lower than N596.04 billion received in the previous month, with a difference of N104.1 billion.

Continue reading FG, states, LGs shared N635.8bn in November – FAAC at Vanguard News.

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