Federal finance and statistics / National Bureau of Statistics
Federation Account Allocation Committee (FAAC) (September 2021 Disbursement)
Executive Summary The Federation Account Allocation Committee (FAAC) disbursed the sum of N769.23bn to the three tiers of government in September 2021 from the revenue generated in August 2021. The amount disbursed comprised of N537.52bn from the Statutory Account, N178.48bn from Valued Added Tax (VAT), N50.00bn from Non-Oil Excess Account, N0.40bn from Excess Bank Charges and N2.83bn from Exchange Gain difference. The Federal Government received a total of N289.56bn from the N769.23bn while States received a total of N217.18bn and Local Governments received N161.54bn. The sum of N28.98bn was …
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