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Federal finance and statistics / National Bureau of Statistics

Federation Account Allocation Committee (FAAC) (June 2022 Disbursement)

Executive Summary The Federation Account Allocation Committee (FAAC) disbursed the sum of N904.45bn to the three tiers of government in June 2022 from the total revenue generated in May 2022. The amount disbursed comprised N589.95bn from the Statutory Account, N101.32bn from the Electronic Money Transfer Levy, and N213.18bn from Valued Added Tax (VAT). The Federal Government received a total of N229.56bn from the N904.45bn, and States and Local Governments received a total of N241.82bn and N175.94bn respectively. The sum of N33.45bn was shared among the oil-producing states from the 13% deriva…

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