FG, States, LGs Share N696.965bn As VAT Revenue Hits N166.228bn

FG, States, LGs Share N696.965bn As VAT Revenue Hits N166.228bn

A file photo of the Accountant-General of the Federation, Idris Ahmed, addressing reporters at his office in Abuja. Channels TV/ Sodiq Adelakun.

 

The Federation Accounts Allocation Committee (FAAC) has shared a total of N696.965 billion as federation allocation for the month of August.

Oshundun Olajide, a Deputy Director of Information at the Office of Accountant General of the Federation (OAGF), disclosed this in a statement on Thursday.

This comes as the nation records a significant increase in the collection of Value Added Tax (VAT) and import duty, amid the lingering controversy over…

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FG, States, LGs Share N696.965bn As VAT Revenue Hits N166.228bn

 

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