Monthly FAAC: FG Withholds 790billion, Shares N907billion - Politics - Nairaland
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| Monthly FAAC: FG Withholds 790billion, Shares N907billion by Ukpaka: 10:46pm On Jul 20, 2023 |
Monthly FAAC: FG Withholds 790billion, Shares N907billion https://247ureports.com/2023/07/monthly-faac-fg-withholds-790billion-shares-n907billion/ - Out of the June 2023 distributable revenue of 1.9 trillion Naira, only N907 billion will be distributed among the three tiers of government, while N790 billion will be saved, and the rest will be used for statutory deductions. These savings will complement the efforts of the Infrastructure Support Fund (ISF) and other existing and planned fiscal measures, all aimed at ensuring that the subsidy removal translates into tangible improvements in the lives and living standards of Nigerians. |
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