As Nigeria navigates the intricate web of economic challenges, the Federation Account Allocation Committee (FAAC) has played a pivotal role in ensuring the equitable distribution of resources. In July, out of a total gross revenue of N1.74 trillion, FAAC disbursed N966.110 billion to the Federal, State, and local governments. While this marked a 10.8 percent decline from the N1.95 trillion recorded in June 2023, the disbursed amount itself represented a slight increase compared to the N907.054 billion disbursed in the previous month.

The allocation breakdown sheds light on the financial flow within the nation. The disbursed sum comprised distributable statutory revenue of N397.419 billion, distributable Value Added Tax (VAT)............

https://ratecaptain.com/federation-account-revenue-declines-to-%e2%82%a61-74-trillion/

Ha