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Federal finance and statistics / National Bureau of Statistics

Federation Account Allocation Committee (FAAC) (December 2021 Disbursement)

Executive Summary The Federation Account Allocation Committee (FAAC) disbursed the sum of N843.81bn to the three tiers of government in December 2021 from the total revenue generated in November 2021. The amount disbursed comprised of N643.04bn from the Statutory Account, N4.16bn from Exchange Gain difference, 0.44 from Excess Bank Charges Recovered and N196.18n from Valued Added Tax (VAT). The Federal Government received a total of N261.41bn from the N843.81bn, States and Local Governments received a total of N210.05bn and N155.46bn respectively. The sum of N49.00bn was shared among the oil-p…

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