Federal finance and statistics / National Bureau of Statistics

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

Highlights 1. The Federation Account Allocation Committee (FAAC) disbursed the sum of ₦2.33 trillion to the three tiers of government in March 2024 from the total revenue generated in February 2024. 2. The amount disbursed comprised: • ₦1.19 trillion recorded from the Statutory Account, • ₦657.44 billion from Exchange Gain, • ₦15.79 billion from Electronic Money Transfer Levy (EMTL), and • ₦460.49 billion from Value Added Tax. 3. The allocations to the three tiers of government for March 2024 were: • Federal Government with a total of ₦352.41 billion •…