The federation account allocation committee (FAAC) at its meeting shared N700.235bn to the three tiers of government, as federation allocation for the month of September, 2022.
From this amount, inclusive of gross statutory revenue, value added tax, and electronic money transfer levy, the federal government received N262.636 billion, the states received N217.191 billion, the local government councils got N160.416 billion, while the oil producing states received N59.992 billion as derivation, (13 per cent of mineral revenue).
The communiqué issued by the FAAC at the end of the meeting, indicated that the gross revenue available from the value added tax for September 2022 was N189.928 billion which is a decrease distributed in the preceding month.
The distribution is as follows: federal government got N28.489 billion, the states received N94.964 billion, and local government councils got N66.475 billion.
Accordingly, the gross statutory revenue of N502.135 billion distributed was higher than the sum received in the previous month, from which the federal government was allocated the sum of N232.921 billion, states got N118.141 billion, local government councils got N91.081 billion, and oil derivation (13 per cent mineral revenue) got N59.992 billion.
