Federation Account Allocation Committee Shares N700.235bn Allocation to Tiers

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The Federation Account Allocation Committee has shared N700.235bn to the three tiers of government, as federation allocation for the month of September, 2022.

Federal Government received N262.636bn, the states received N217.191bn, and the Local Government Councils got N160.416bn, while the oil producing states received N59.992bn as derivation.

Accordingly, the gross statutory revenue of N502.135bn distributed was higher than the sum received in the previous month.

Written by: Helen Obih

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