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Govt s revenue rose to N1 746trn in July, says FAAC – The Sun Nigeria

Govt s revenue rose to N1 746trn in July, says FAAC – The Sun Nigeria
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FAAC: FG, States, LGs share N966 110bn July allocation

The Federation Account Allocation Committee (FAAC), at its meeting chaired by the Minister of Finance and the Co-ordinating Minister of the Economy, Mr Wale Edun, in Abuja on Tuesday, shared a total sum of N966.110 billion to the three tiers of government as Federation Allocation for July 2023 out of total gross revenue of N1, 746.491 trillion.

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Excess crude account down to $474,000 as FG, others share N966b in July

The balance in Nigeria’s Excess Crude Account (ECA) as of August 22, 2023, was $473,754.57.

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Again, NNPC fails to remit as federation shares N786b for May

Again, NNPC fails to remit as federation shares N786b for May
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NNPCL Refuses To Remit To FAAC, As FG, State, LG Share N786 161 Billion For May

The three tiers of government yesterday shared N786.161 billion as the federation allocation for the month of May 2023. Naija News gathered that the

Stephen kilebiFederation account allocation committeeNational planningPetroleum profit taxCompanies income taxExchange differenceNigerian national petroleum corporation limitedPublic relationsFederal ministryLocal governmentsGross statutory revenueValue added taxElectronic money transfer levyFederal governmentLocal government areasProfit tax