Federal finance and statistics / National Bureau of Statistics

Federation Account Allocation Committee (FAAC) (July 2024 Disbursement)

Summary The Federation Account Allocation Committee (FAAC) disbursed the sum of N2.68trn to the three tiers of government in July 2024 from the total revenue generated in June 2024. The amount dis bursed comprised N1,432..67bn from the Statutory Account, N472.19bn from Ex change Gain for the month of May, N16.35bn from Electronic Money Transfer Levy (EMTL), N200.00bn from Non Oil Excess Account and N562.69bn from Valued Added Tax (VAT). The Federal Government re ceived a total of N459.78bn from the N2.68trn, States and Local Governments received a total of N461.98bn and N337.02bn respectively.…