Federal finance and statistics / National Bureau of Statistics

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

Key Highlights 1. The Federation Account Allocation Committee (FAAC) total disbursement for June, 2023 was sum of N1,134.03 trillion to the three tiers of government from the total revenue generated in May, 2023. 2. The amount disbursed accumulated from, N701.79 billion recorded from the Statutory Account, N146.43 billion Exchange rate differential N14.97 billion generated from Electronic Money Transfer Levy (EMTL), N0.64 billion Exchange gain allocation and, N270.20 billion generated from Valued Added Tax (VAT). 3. The allocations to the three tiers of government for June 2023 were as follows…