FAAC: FG, States, LGs Share N740,880bn for August via thisdaylive
Ndubuisi Francis in Abuja
From this amount, the federal government received N301.804 billion, representing 52.68 per cent, the States– N188.925 billion or 26.72 per cent while local government councils got N142.654 billion, representing 20.60 per cent.However, cost of collection/transfers/ FIRS, refund was N43.984 billion. The distributed Statutory Revenue of N631.796 billion received for the month of August was lower than the N674.365 billion received in the previous month by N42.569 billion.
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