FG, states, LGAs share N906bn as revenue allocation in October
The three tiers of government on Wednesday shared the sum of N906.955 billion as revenue allocation for October.
This is contained in a communiqué issued at the end of the Federation Account Allocation Committee (FAAC) meeting in Asaba, Delta State.
The distributable revenue comprised statutory revenue of N305.070 billion, Value Added Tax (VAT) revenue of N323.446 billion, and Electronic Money Transfer Levy (EMTL) revenue of N15.552 billion.
It also comprised Exchange Difference revenue of N202.887 billion and Augmentation of N60.000 billion.
According to the communiqué, total revenue of N1,346.519 trillion was available in October.
FG, states, LGAs share N906bn as revenue allocation in October
The three tiers of government on Wednesday shared the sum of N906.955 billion as revenue allocation for October.
This is contained in a communiqué issued at the end of the Federation Account Allocation Committee (FAAC) meeting in Asaba, Delta State.
The distributable revenue comprised statutory revenue of N305.070 billion, Value Added Tax (VAT) revenue of N323.446 billion, and Electronic Money Transfer Levy (EMTL) revenue of N15.552 billion.
It also comprised Exchange Difference revenue of N202.887 billion and Augmentation of N60.000 billion.
According to the communiqué, total revenue of N1,346.519 trillion was available in October.
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