Nigeria's FAAC has shared the sum of 1.208 trillion Naira as revenue for April among FG, states and LGCs

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