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Governors Endorse FG’s Proposal To Share Only N900bn From N1.9trn FAAC Revenue - Politics (6) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Governors Endorse FG’s Proposal To Share Only N900bn From N1.9trn FAAC Revenue (30128 Views)

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Re: Governors Endorse FG’s Proposal To Share Only N900bn From N1.9trn FAAC Revenue by Luckysbab: 12:59am On Jul 23, 2023
mrvitalis:

Last month they shared 700 plus billion government sold her dollar earnings at 460

Now they are selling at 800 and you are getting 900bn u think it's improvement who thought you maths

Time will tell. I guess.
Re: Governors Endorse FG’s Proposal To Share Only N900bn From N1.9trn FAAC Revenue by ivandragon: 7:54am On Jul 29, 2023
@Mrvitalis was correct.

The gross revenue was N1.1trn not N1.9trn

https://www.vanguardngr.com/2023/07/faac-shares-n907b-to-fg-states-lgs/

That said, it's still pretty high though mostly influenced by the exchange rate.

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