FAAC Disburses N1.727 Trillion from N3.134 Trillion Gross Revenue to FG, States LGs

The total distributable revenue of N1.727 trillion for the month of November was drawn from Statutory Revenue of N455.354 billion, Value Added Tax (VAT) of N585.700 billion, N15.046 billion from Electronic Money Transfer Levy (EMTL), and N671.392 billion from Exchange Difference.

The disbursement took place in Abuja on Friday during the December meeting of FAAC which was presided over by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun.