FG, States, LGs share N1.298 trillion for September …C0NTINUE READING HERE >>>
The Federal, State, and Local Governments have shared N1.298 trillion from the Federation Account Allocation Committee (FAAC) for September 2024.
The distribution took place during the FAAC October 2024 meeting, chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun.
The N1.298 trillion was allocated from a gross total of N2.298 trillion, which included Gross Statutory Revenue, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL), Exchange Difference (ED), and an Augmentation of N150 billion.
From this FAAC amount, the Federal Government…
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