The Federation Account Allocation Committee (FAAC) has shared a total sum of N906.95bn October 2023 Federation Account Revenue to the Federal Government, States and Local Government Councils.
A communique issued by the FAAC at its November, 2023 meeting indicated that the N906.955nn total distributable revenue comprised statutory revenue of N305.07bn, Value Added Tax (VAT) revenue of N323.446bn, Electronic Money Transfer Levy (EMTL) revenue of N15.55bnn, Exchange Difference Revenue of N202.88bn and Augmentation of N60bn.
