The three tiers of government on Friday shared about N606.196 billion as federal allocation for April 2020.
Details of the allocation were contained in a Secretariat report released by the Office of the Accountant-General of the Federation at the end of the online meeting of the Federation Accounts Allocation Committee in Abuja.
The communique showed the allocation included revenue from the Value Added Tax collection, Exchange Gain, Solid Mineral Revenue, Excess Bank Charges and Excess Crude Oil Revenue. The report said the cost of collection for the Federal Inland Revenue Service , Department of Petroleum Resources and Nigeria Customs Service Refund; as well as allocation to the North East Development Commission and Transfer to Excess Oil Revenue was N15.134 billion.
The distribution showed the federal government got N13.182 billion, the states N43.941 billion, while local government councils got N30.758 billion.The distributed Statutory Revenue of N370.411billion received for the month was lower than the N597.676 billion received for the previous month by about N227.265 billion.
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