Federal finance and statistics / National Bureau of Statistics
Federation Account Allocation Committee (FAAC) (October 2021 Disbursement)
Executive Summary The Federation Account Allocation Committee (FAAC) disbursed the sum of N866.24bn to the three tiers of government in October 2021 from the revenue generated in September 2021. The amount disbursed comprised of N692.28bn from the Statutory Account, N3.10bn from Exchange Gain difference, and N170.85n from Valued Added Tax (VAT). The Federal Government received a total of N301.31bn from the N866.24.22bn while States received a total of N220.27bn and Local governments received N164.18bn. The sum of N54.21bn was shared among the oil-producing states from the 13% derivation fund. …
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