Business

FAAC: FG & States Share N966 Billion for July, includes N283.9 billion from exchange rate difference

The Federation Account Allocation Committee (FAAC) has disbursed N966.110 billion in revenue among the Federal Government, States, and Local Government Councils (LGCs) for July.


The information was revealed in a communiqué following the August FAAC meeting, presided over by Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy.


Here’s a breakdown of the allocation