Federal finance and statistics / National Bureau of Statistics
Federation Account Allocation Committee (FAAC) (November 2022 Disbursement)
Executive Summary The Federation Account Allocation Committee (FAAC) disbursed the sum of N957.09bn to the three tiers of government in November 2022 from the total revenue generated in October 2022. The amount disbursed comprised N622.27bn from the Statutory Account, N100.00bn from Non-oil distribution for the month of November 2022, N5.77bn from Exchange Gain for the month of November, and N229.04bn from Valued Added Tax (VAT). The Federal Government received a total of N293.95bn from the N957.09bn, States and Local Governments received a total of N239.51bn and N177.09bn respectively. The su…
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