FG, states, local govts share N682.1bn in August

FAAC receives N1.54trn from MDAs in Q1 2021

As statutory revenue sheds N11.96bn ____________________________ The Federation Accounts Allocation Committee (FAAC) has shared a total of N682.06bn August 2020 federation account revenue to the federal, states and Local Government councils and some revenue agencies. FAAC also revealed in a communique it issued in Abuja on Thursday that the gross statutory revenue of N531.83bn was received for the month of August, which was lower than the N543.79bn received in the previous month by N11.96bn. The committee made this known after its monthly meeting for September, which was held through virtual…

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