Federal finance and statistics / National Bureau of Statistics

Federation Account Allocation Committee (FAAC) (November 2023 Disbursement)

Key Highlights The Federation Account Allocation Committee (FAAC) disbursed the sum of N1.35 trillion to the three tiers of government in November 2023 from the total revenue generated in October 2023. The amount disbursed comprised: 09 billion recorded from the Statutory Account, 89 billion from Exchange Gain, 00 billion from Non-Oil Revenue, 20 billion from Electronic Money Transfer Levy (EMTL), and 34 billion from Value Added Tax. The allocations to the three tiers of government for November 2023 were: Federal Government with a total of N323.35 billion States with a total of N307.72 billion…