FG, states, LGAs share N1.1tr as revenue allocation for April

The three tiers of government on Thursday shared the sum of N1.1 trillion as revenue allocation for April.

The Director of Press and Public Relations in the Office of the Accountant-General of the Federation, Bawa Mokwa, disclosed this in a communiqué issued at the end of the Federation Account Allocation Committee (FAAC) meeting in Abuja.

He said the distributable revenue comprised statutory revenue of N284.716 billion, distributable Value Added Tax (VAT) revenue of N466.457 billion, electronic money transfer levy revenue of N18.024 billion, and exchange difference revenue of N438.884 billion.