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Federal finance and statistics / National Bureau of Statistics

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

Executive Summary The Federation Account Allocation Committee (FAAC) disbursed the sum of N692.86bn to the three tiers of government in February 2022 from the total revenue generated in January 2022. The amount disbursed comprised N396.43bn from the Statutory Account, N100.00bn from Non-oil Excess Account, N5.20bn from Exchange Gain difference, and N191.22bn from Valued Added Tax (VAT). The Federal Government received a total of N204.58bn from the N692.86bn, States and Local Governments received a total of N179.25bn and N131.88bn respectively. The sum of N58.96bn was shared among the oil-produ…

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