Federal finance and statistics / National Bureau of Statistics

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

Key Highlights The Federation Account Allocation Committee (FAAC) disbursed the sum of N1.67 trillion to the three tiers of government in January 2024 from the total revenue generated in December 2023. The amount disbursed comprised: N875.38 billion recorded from the Statutory Account, N287.74 billion from Exchange Gain, N18.60 billion from Electronic Money Transfer Levy (EMTL), and N492.51 billion from Value Added Tax. The allocations to the three tiers of government for December 2023 were: Federal Government with a total of N383.87 billion States with a total of N396.69 billion, and Local Go…