FG, states, LGAs share N906bn as revenue allocation in October

The three tiers of government on Wednesday shared the sum of N906.955 billion as revenue allocation for October.

This is contained in a communiqué issued at the end of the Federation Account Allocation Committee (FAAC) meeting in Asaba, Delta State.

The distributable revenue comprised statutory revenue of N305.070 billion, Value Added Tax (VAT) revenue of N323.446 billion, and Electronic Money Transfer Levy (EMTL) revenue of N15.552 billion.

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