Federal finance and statistics / National Bureau of Statistics

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

Executive Summary The Federation Account Allocation Committee (FAAC) disbursed the sum of N1.48 trillion to the three tiers of government in September 2023 from the total revenue generated in August 2023. The amount disbursed comprised: N714.84 billion recorded from the Statutory Account, N177.09 billion from Non-oil revenue, N231.55 billion from Exchange Gain, N14.69 billion from Electronic Money Transfer Levy, and N345.73 billion from Value Added Tax The allocations to the three tiers of government for September 2023 were: Federal Government with a total of N431.25 billion States with a tota…