TRIBUNE
The Federation Accounts Allocation Committee (FAAC), has shared a total sum of N1,354.371 billion June 2024
Federation Accounts Revenue to the Federal, States and Local Governments in the country.
Total revenue of N2,483.890 billion was available in the month of June 2024.
The balance in the Excess Crude Account (ECA) was $473,754.57.
In a statement, Bawa Mokwa, Director (Press and Public Relations) in the Office of the Accountant General of the Federation said, the revenue was shared at the July 2024 meeting of the FAAC held in Abuja and chaired by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun
.A communiqué issued by the Federation Accounts Allocation Committee (FAAC) stated that the N1,354.371 billion total distributable revenue comprised distributable statutory revenue of N 142.514 billion, distributable Value Added Tax (VAT) revenue of N523.973 billion, Electronic Money Transfer Levy (EMTL) revenue of N15.692 billion, Exchange Difference revenue of N472.192 billion and Augmentation of N200.000 billion.
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