Federal finance and statistics / National Bureau of Statistics

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

Executive Summary The Federation Account Allocation Committee (FAAC) disbursed the sum of N970.57bn to the three tiers of government in July 2021 from the revenue generated in June 2021. The amount disbursed comprised of N812.41bn from the Statutory Account, N154.47bn from Valued Added Tax (VAT) and N3.69bn from Distribution of Exchange Gain difference. The Federal Government received a total of N304.95bn from the N970.57bn while States received a total of N215.57bn and Local Governments received N161.10bn. The sum of N51.47bn was shared among the oil producing states from the 13% derivation f…