Confusion as FAAC, NBS release different revenue allocation figures for November 2023

Two agencies of the Federal Government, the National Bureau of Statistics (NBS) and the Federation Account Allocation Committee (FAAC) have issued conflicting figures on the revenue allocation to the three tiers of government in November 2023.

FAAC in a communiqué issued at the end of a meeting held in Abuja on December 15, 2023, said the federal, state and 774 local government areas shared N1.088 trillion in November 2023, the NBS in a report released on January 12, 2024, revealed that the three tiers of government went home with N1.35 trillion during the period.

This was N262 billion lower than the figure presented by FAAC.