Federal finance and statistics / National Bureau of Statistics

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

Executive Summary The Federation Account Allocation Committee (FAAC) disbursed the sum of N696.36bn to the three tiers of government in May 2021 from the revenue generated in April 2021. The amount disbursed comprised of N496.83bn from the Statutory Account, N176.71bn from Valued Added Tax (VAT), N30.00bn from Non-Oil Excess Account, and N0.56bn from Excess Bank Charges and N20.00bn from Distribution of Exchange Gain. The Federal Government received a total of N244.01bn from the N696.36bn while States received a total of N193.43bn and Local Governments received N143.30bn. The sum of N36.15bn w…