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businesspost - 8 days ago

FG, States, LGs Share N1.143trn

By Adedapo Adesanya The Federation Accounts Allocation Committee (FAAC) on Monday shared N1.143 trillion among the federal government, states and local government councils (LGCs) from May revenue for the month of June. The revenue was shared at the June meeting of the FAAC, chaired by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun. According to a communiqué issued by the committee at the end of the meeting, the N1.143 trillion total revenue comprised statutory revenue of N157.183 billion, Value Added Tax (VAT) revenue of N463.425 billion. It also comprised Electronic Money Transfer Levy (EMTL) revenue


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