The three tiers of government on Friday shared the sum of N1.35 trillion as revenue allocation for July.
A communiqué issued at the end of the Federation Accounts Allocation Committee (FAAC) meeting in Abuja revealed the N1.35 trillion total distributable fund comprised statutory revenue of N161.593 billion, Value Added Tax (VAT) revenue of N582.307 billion and Electronic Money Transfer Levy (EMTL) revenue of N18.818 billion.
Also included in the total distributable revenue was Exchange Difference revenue of N581.710 billion and Solid Mineral revenue of N13.647 billion.
