The three tiers of government on Thursday shared the sum of N 1.29 trillion as revenue allocation for September.
The Director of Press and Public Affairs in the Office of the Accountant-General of the Federation, Bawa Mokwa, disclosed this in a communiqué issued at the end of the Federation Accounts Allocation Committee (FAAC) meeting in Abuja.
He said the total distributable revenue comprised distributable statutory revenue of N124.716 billion, distributable Value Added Tax (VAT) revenue of N543.518 billion, Electronic Money Transfer Levy (EMTL) revenue of N18.445 billion, Exchange Difference revenue of N462.191 billion, and Augmentation of N150.000 billion.
