FG, states, LGAs share N1.08trn as revenue allocation for November

The three tiers of government on Friday shared a total sum of N1.088.783 trillion as revenue allocation for November.

The Federation Account Allocation Committee (FAAC) disclosed this in a communiqué issued at the end of its meeting in Abuja.

According to the committee, the distributable revenue comprised statutory revenue of N376.306 billion, Value Added Tax (VAT) revenue of N335.656 billion, Electronic Money Transfer Levy (EMTL) revenue of N11.952 billion, and Exchange Difference revenue of N364.869 billion.