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Federal Govt, States, LGAs Share N907.054bn FAAC Revenue

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The Federation Account Allocation Committee (FAAC) has distributed a total sum of N907.054 billion to the Federal Government, States, and Local Government Councils.   

The funds represent Federation Revenue earned in the month of June.

A communiqué issued by FAAC on Thursday indicates that from the total distributable revenue of  N907.054 billion;
the Federal Government received N345.564 billion, the State Governments received N295.948 billion and the Local Government Councils received N47.478 billion. 

The sum of N23.008 billion was shared to the relevant States as 13% derivation.


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