This was stated in the communiqué that was released following the FAAC meeting in April 2023.

The entire distributable revenue of N714.629 billion was made up of N497.448 billion in distributable statutory revenue, N202.69 billion in distributable value-added tax (VAT), and N14.488 billion in distributable electronic money transfer levy (EMTL). Deductions for transfers, refunds, and consulting fees totaled N126.567 billion, while deductions for the cost of the collection totaled N31.355 billion.

The Excess Crude Account (ECA) now has a balance of $473,754.57. According to the communiqué, of the total N714.629 billion in distributable revenue, the federal government received N276.141 billion, the state governments N232.129 billion, and the LGAs N171.257 billion.

https://www.thenews-chronicle.com/afcac-additionally-disclosed-that-the-saatm-implementation-in-nigeria-will-enhance-the-aviation-sectors-contribution-to-gdp-from-the-current-0-5-to-1-and-boost-air-traffic-by-54-speaking-during-th/?utm_source=ReviveOldPost&utm_medium=social&utm_campaign=ReviveOldPost

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The court has declared the operatiin of such account as illegal so the wind down of that account is not unexpected.

The Supreme Court left FG and states to reach an amicable way to handle it.

Buhari and Emeifailure

Hahaha 🤣😂🤣😂 Nigeria and nigerians, you all needs to wake up, or you all will be totally damned.