The three tiers of government on Tuesday shared the sum of N966.110 billion as revenue allocation for July.
The Federation Account Allocation Committee (FAAC) disclosed this in a communiqué issued at the end of its meeting for August and chaired by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun.
According to the communiqué, the N966.110 billion total distributable revenue comprised distributable statutory revenue of N397.419 billion, distributable Value Added Tax (VAT) revenue of N271.947 billion, and Electronic Money Transfer Levy (EMTL) revenue of N12.840 billion.
