Federal finance and statistics / National Bureau of Statistics

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

Key Highlights 1. The Federation Account Allocation Committee (FAAC) disbursed the sum of ₦2.19 trillion to the three tiers of government in May 2024 from the total revenue generated in April 2024. 2. The amount disbursed comprised: • N1.23 trillion recorded from the Statutory Account, • N438.88 billion from Exchange Gain, • N18.77 billion from Electronic Money Transfer Levy (EMTL), and • N500.92 billion from Value Added Tax. 3. The allocations to the three tiers of government for May 2024 were: • Federal Government with a total of N390.41 billion • States with …