Page 5 - Oil Derivation News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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.

Nigeria generalAbuja federal capital territoryOil derivationFederation account allocation committeeOil producing statesExchange differenceGovernment councilsPetroleum profit taxStephen kilebiFederation allocation forCo ordinating ministerFederation allocationGross statutory revenueValue added taxElectronic money transfer levyFederal government