Federal finance and statistics / National Bureau of Statistics

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

Executive Summary The Federation Account Allocation Committee (FAAC) disbursed the sum of N681.00bn to the three tiers of government in June 2021 from the revenue generated in May 2021. The amount disbursed comprised of N420.26bn from the Statutory Account, N181.08bn from Valued Added Tax (VAT), N77.94bn from Non-Oil Excess Account, and N1.73bn from Distribution of Exchange Gain. The Federal Government received a total of N242.12bn from the N681.00bn while States received a total of N194.20bn and Local Governments received N143.74bn. The sum of N25.90bn was shared among the oil producing state…