The Federation Account Allocation Committee (FAAC) distributed ₦1.703 trillion among the federal, state, and local governments for January 2025. VAT revenue rose by ₦122 billion, while gross statutory revenue increased by 33.6%. The federal government received ₦552.6 billion, states ₦590.6...
The 36 states shared N173.8 billion from the Federation Account in September from the distributable revenue generated for the month.
The breakdown was obtained by the News Agency of Nigeria (NAN) in a report from the office of the Accountant-General of the Federation in Abuja.
From the data...
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