FAAC receives N1.54trn from MDAs in Q1 2021

FAAC receives N1.54trn from MDAs in Q1 2021

FAAC receives N1.54trn from MDAs in Q1 2021     In the first three months of fiscal year 2021, revenue-generating agencies in the country remitted the sum of N1.538 trillion into the Federation Account, which was distributed among the three tiers of government at the monthly Federation Account Allocation Committee (FAAC) meetings. The Chairman of the Revenue Mobilization Allocation Commission (RMAFC), Elias Mbam, whose Commission monitors revenue accretion and distribution in the country, disclosed this in Abuja yesterday, while receiving a revenue performance report from the post-mortem sub-committee of the…

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