Federal finance and statistics / National Bureau of Statistics

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

Key Highlights The Federation Account Allocation Committee (FAAC) disbursed the sum of N1.80 trillion to the three tiers of government in August 2023 from the total revenue generated in July 2023. The amount disbursed comprised: N1.15 trillion recorded from the Statutory Account, N56.31 billion Exchange Rate Differential, N283.91 billion from Exchange Gain, N13.37 billion from Electronic Money Transfer Levy, and N298.79 billion from Value Added Tax The allocations to the three tiers of government for August 2023 were: Federal Government with a total of N391.93 billion States with a total of N3…