Nigerian govt, states, local councils share N547 billion in May

The meeting was presided by the Permanent Secretary, Federal Ministry of Finance, Budget and National Planning, Mahmoud Isa-Dutse.

The communique showed the allocation included revenue from the Value Added Tax collection, Exchange Gain, Excess Bank Charges.

The report said the cost of collection for the Federal Inland Revenue Service , and allocation to the North East Development Commission was N23.958 billion. The distribution showed the Federal Government got N14.490 billion, the States received N48.301 billion, Local Government Councils got N33.811billon.

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