FG, States, LGAs share N1.424tn FAAC revenue in December 2024
- A total of N1.424 trillion was shared with the federal government, states, and local government councils, as reported by Bawa Mokwa, Director, Press and Public Relations, Office of the Accountant General of the Federation.
- The revenue included N386.124 billion in statutory revenue and N604.872 billion in value-added tax revenue, according to the January Federation Account Allocation Committee meeting.
- The federal government received N451.193 billion, while state governments received N498.498 billion and local government councils received N361.754 billion from the total distributable revenue.
- The total gross revenue available in December 2024 was N2.310 trillion, with deductions for cost of collection amounting to N84.780 billion, as stated in the communique from the FAAC meeting.
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Total News Sources0
Leaning Left3Leaning Right0Center1Last UpdatedBias Distribution75% Left
Bias Distribution
- 75% of the sources lean Left
75% Left
L 75%
C 25%
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