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Federal finance and statistics / National Bureau of Statistics

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

Executive Summary The Federation Account Allocation Committee (FAAC) disbursed the sum of N727.37bn to the three tiers of government in November 2021 from the total revenue generated in October 2021. The amount disbursed comprised of N407.86bn from the Statutory Account, N150.00b from Non-Oil Excess Account, N3.22bn from Exchange Gain difference, and N166.28n from Valued Added Tax (VAT). The Federal Government received a total of N284.29bn from the N727.37bn, States and Local Governments received a total of N209.84bn and N156.28bn respectively. The sum of N21.50bn was shared among the oil-prod…

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