FAAC: FG, States, LGs Share N1.2trn in August 2024
A complete sum of ₦1.203 trillion June 2024 federation accounts income has been shared with the Federal Authorities, states, and native authorities councils within the nation.
The income was shared on the September 2024 assembly of the Federation Accounts Allocation Committee (FAAC) held in Abuja and chaired by the Minister of Finance and Coordinating Minister of the Financial system, Wale Edun.
Learn Additionally:
This was disclosed in a press release on Tuesday by Bawa Mokwa, the FAAC spokesperson for the Accountant Common of the Federation.
He defined that the ₦1.203 trillion complete distributable income comprised distributable statutory income of ₦186.636 billion, distributable Worth Added Tax (VAT) income of ₦533.895 billion, Digital Cash Switch Levy (EMTL) income of ₦15.017 billion, Trade Distinction income of ₦468.245 billion.
In the meantime, the stability within the Extra Crude Account (ECA) for final month was put at $473,754.57
.