The three tiers of government shared a total of N1.1 trillion as revenue allocation for August.
The Director of Press and Public Relations, Office of the Accountant-General of the Federation, Bawa Mokwa, disclosed this in a statement issued at the end of the Federation Account Allocation Committee (FAAC) meeting on Friday in Abuja.
He said the funds comprised statutory revenue of N357.398 billion, distributable Value Added Tax (VAT) revenue of N 321.941 billion, Electronic Money Transfer Levy (EMTL) revenue of N14.102 billion, Exchange Difference revenue of N 229.568 billion, and Augmentation of N177.092 billion.
