Abuja, NIGERIA — Nigeria's Federation Account Allocation Committee (FAAC), has shared the sum of 1.208 trillion Naira as revenue for April among the Federal Government, states and Local Government Councils (LGCs). The revenue was shared on Thursday at the May meeting of FAAC in Abuja. A communiqué issued by the committee said that the ₦1.208 trillion total distributable revenue comprised statutory revenue of ₦284.716 billion, and Value Added Tax (VAT) revenue of ₦466.457 billion. News Agencies
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Mon Jun 23 2025 02:38:01 GMT+0000 (Coordinated Universal Time)
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Nigeria's FAAC has shared the sum of 1.208 trillion Naira as revenue for April among FG, states and LGCs
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Published (Updated) on Friday, May 17, 2024
• Vaccine stocks fall • Apple faces $162 million fine • BoE plans to raise deposit guarantee, and more - Monday 31/March/2025 Top Business Headlines
• China invites U.S. business leaders • Alibaba to support Nigerian exporters • US farmers express dismay, and more - Wednesday 26/March/2025 Top Business Headlines
• Copper price hits $10,000 • Nigerian Naira becoming the most unpredictable currency • Trump imposes sanctions on China, and more - Monday 24/March/2025 Top Business Headlines
• FAAC Distributes N722.677 Billion Revenue Among States and Local Governments in February 2023 — N269.063 billion for FG, N236.464 billion for States and N173.936 billion for LGAs..
• FAAC has shared N990.189 billion naira to the three tiers of government in December 2022...
• FAAC has shared a total sum of N902.053 billion Naira for November to Federal, States and Local Governments...
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