Federal finance and statistics / National Bureau of Statistics
Federation Account Allocation Committee (FAAC) (October 2022 Disbursement)
Executive Summary The Federation Account Allocation Committee (FAAC) disbursed the sum of N1.10trn to the three tiers of government in October 2022 from the total revenue generated in September 2022. The amount disbursed comprised N825.71bn from the Statutory Account, N60.00bn from Non-oil distribution for the month of October 2022, N8.51bn from Electronic Money Transfer Levy (EMTL), and N203.96bn from Valued Added Tax (VAT). The Federal Government received a total of N294.24bn from the N1.10trn, States and Local Governments received a total of N233.22bn and N172.78bn respectively. The sum of …
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