Business

Federal Government and States Shares N802billion

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The Federal, State and Local governments shared N802.407billion as federation allocation for the month of June 2022.

According to a statement issued by the Director of Press/Information, Federal Ministry of Finance, Phil Abiamuwe-Mowete, the sharing decision was reached at Federation Account Allocation Committee’s meeting on Tuesday.

The statement noted that this represents 18 per cent increase from N681billion shared in May.

Written by: Helen Obih

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