FAAC Shares Over N651bn June 2020 Revenue To FG, States And LGAs

FAAC Shares Over N651bn June 2020 Revenue To FG, States And LGAs

The Federation Accounts Allocation Committee has shared a total of 651.184 billion as of June 2020 Federation Account Revenue to the Federal, States and Local Governments Councils and relevant agencies in the country.

The gross statutory revenue available in June 2020 was N524.526 billion; the gross revenue from the Value Added Tax was N128.826 billion and the revenue from the Exchange Gain was N42.832 billion. This brought the total revenue for the month to N696.184 billion. From this total, the sum of N45 billion was saved in the Excess Non-Oil Revenue Account and the balance of N651.184 billion was shared to the three tiers of government and relevant agencies.NLNG Denies Withdrawal Of $1.

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