The Federation Accounts Allocation Committee (FAAC) recently disclosed that it shared a total of N725.5 billion as Federation Account revenue for March 2022 to the Federal Government, States, and Local Government areas.
The N725.571 billion total distributable revenue comprised distributable statutory revenue of N521.169 billion and the distributable Value Added Tax (VAT) revenue of N204.402 billion.
According to FAAC, the Federal Government received N277.104 billion, the State Governments received N227.201 billion and the Local Government Councils received N167.910 billion.