FAAC Shares Allocation Between Three Tiers of Government

The Federation Accounts Allocation Committee, FAAC, shared a total sum of N725.57bn among the three tiers of government, for the month of March, 2022.

This indicates a 23 per cent increase from the N590bn that was shared by the three tiers of government in February.

The total revenue of N725.57bn, distributable for the current month was drawn from Statutory Revenue of N521.16bn and Value Added Tax of N204.40bn.