Federal finance and statistics / National Bureau of Statistics

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

Executive Summary The Federation Account Allocation Committee (FAAC) disbursed the sum of N835.33bn to the three tiers of government in April 2021 from the revenue generated in March 2021. The amount disbursed comprised of N620.69bn from the Statutory Account, N181.71bn from Valued Added Tax (VAT), N30.00bn from Non-Oil Excess Account, and N2.93bn from Distribution of Exchange Gain. The Federal Government received a total of N227.95bn from the N835.33bn while States received a total of N187.26bn and Local Governments received N138.37bn. The sum of N40.24bn was shared among the oil producing st…